Maine Statutes
§ 10 §1124 — Requirements for agreements
Maine·Title 10 COMMERCE AND TRADE·Part 3 REGULATION OF TRADE·Ch. 202 CONSUMER LOAN AND LEASE AGREEMENTS
After October 1, 1982, every consumer loan agreement, and after January 1, 1987, every consumer lease agreement, shall be:
1.Plain language.
Written in a clear and coherent manner using words with common and everyday meanings; and
2.Meaningful arrangement.
Appropriately divided and captioned by its various sections.
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Legislative History
PL 1979, c. 483 (NEW). PL 1981, c. 236, §1 (AMD). PL 1981, c. 551, §1 (AMD). PL 1985, c. 763, §A71 (AMD).
Nearby Sections
15
§ 10 §1100-A
Organization of loan board§ 10 §1100-AA-1
Foreign Credentialing and Skills Recognition Grant Program§ 10 §1100-B
Powers§ 10 §1100-BB
Definitions§ 10 §1100-C
Credit of the State pledged§ 10 §1100-CC
Loan Guarantee Program established§ 10 §1100-D
Loan insurance fund§ 10 §1100-E
Additions to§ 10 §1100-EE
Loan guarantee§ 10 §1100-F
Insurance of loans§ 10 §1100-FF
Duties and powers of authority§ 10 §1100-G
Loan insurance premiums§ 10 §1100-GG
Termination of program; repeal