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2012 Maine Revised Statutes
TITLE 9-A: MAINE CONSUMER CREDIT CODE
Article 5: REMEDIES AND PENALTIES
9-A §5-115. Misrepresentation


9-A ME Rev Stat § 5-115 (2012 through 125th Legis) What's This?

Part 1: LIMITATIONS ON CREDITORS' REMEDIES

§5-115. Misrepresentation

A creditor or a person acting for him may not induce a consumer to enter into a consumer credit transaction by misrepresentation of a material fact with respect to the terms and conditions of the extension of credit. A consumer so induced may rescind the sale, lease or loan or recover actual damages, or both. [1973, c. 762, §1 (NEW).]

SECTION HISTORY

1973, c. 762, §1 (NEW).

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