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2012 Maine Revised Statutes
TITLE 10: COMMERCE AND TRADE
Chapter 202: CONSUMER LOAN AND LEASE AGREEMENTS
10 §1124. Requirements for agreements


10 ME Rev Stat § 1124 (2012 through 125th Legis) What's This?

Part 3: REGULATION OF TRADE

§1124. Requirements for agreements

After October 1, 1982, every consumer loan agreement, and after January 1, 1987, every consumer lease agreement, shall be: [1985, c. 763, Pt. A, §71 (AMD).]

1. Plain language. Written in a clear and coherent manner using words with common and everyday meanings; and

[ 1981, c. 236, §1 (AMD) .]

2. Meaningful arrangement. Appropriately divided and captioned by its various sections.

[ 1979, c. 483, (NEW) .]

SECTION HISTORY

1979, c. 483, (NEW). 1981, c. 236, §1 (AMD). 1981, c. 551, §1 (AMD). 1985, c. 763, §A71 (AMD).

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