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the Maine Revised Statutes
2011 Maine Revised Statutes
TITLE 9-A: MAINE CONSUMER CREDIT CODE
Article 8-A: MAINE TRUTH-IN-LENDING
9-A §8-511. Recurring charges to credit card or charge card accounts
Universal Citation:
9-A ME Rev Stat § 8-511 (2011 through 125th Legis)
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§8-511. Recurring charges to credit card or charge card accounts
If a sale of goods, services or insurance is charged to a credit card or charge card account on an annual basis without substantially contemporaneous authorizations by the consumer, the seller shall inform the consumer of the voluntary nature of the charge to the credit card or charge card account and of the steps necessary to prevent this charge at least 30 days prior to the annual charge. The card issuer may provide the notice on behalf of the seller. This section does not apply to insurance subject to notice and cancellation rights pursuant to section 4-204. [2011, c. 427, Pt. A, §15 (NEW).]
SECTION HISTORY
2011, c. 427, Pt. A, §15 (NEW).
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