Maine Statutes
§ 10 §1194 — Dealer sale practices for new or used motor vehicles
Maine·Title 10 COMMERCE AND TRADE·Part 3 REGULATION OF TRADE·Ch. 204-A DEALER PRACTICES FOR CERTAIN MOTOR VEHICLES
When selling new or used motor vehicles a dealer must adhere to the following sale practices.
1.Dealer revocation of sale.
If a dealer sells a new or used motor vehicle and allows the buyer to take possession of it, the dealer can not at a later date inform the buyer of that vehicle that the dealer is canceling the sale unless the dealer has disclosed at the time of the sale and at the time of cancellation that if financing can not be procured according to the terms agreed upon in the contract, the consumer shall receive:
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Legislative History
PL 2001, c. 256, §2 (NEW).
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