§11-102. Purpose; rules of construction
1. This Article must be liberally construed and applied to promote its underlying purposes and policies.
[PL 1991, c. 787 (NEW).]
2. The underlying purposes and policies of this Article are to:
A. Simplify, clarify and modernize the law governing rental-purchase agreements; [PL 1991, c. 787 (NEW).]
B. Provide certain disclosures to consumers who enter into rental-purchase agreements and to promote consumer understanding of the terms of rental-purchase agreements; [PL 1991, c. 787 (NEW).]
C. Protect consumers against unfair practices by some rental-purchase dealers, having due regard for the interests of legitimate and scrupulous rental-purchase dealers; and [PL 1991, c. 787 (NEW).]
D. Permit and encourage the development of fair and economically sound rental-purchase practices. [PL 1991, c. 787 (NEW).]
[PL 1991, c. 787 (NEW).]
SECTION HISTORY
PL 1991, c. 787 (NEW).
Structure Maine Revised Statutes
TITLE 9-A: MAINE CONSUMER CREDIT CODE
Article 11: RENTAL-PURCHASE PRACTICES
9-A §11-102. Purpose; rules of construction
9-A §11-103. Supplementary general principles of law applicable
9-A §11-106. Inapplicability of other laws; exempt transactions
9-A §11-107. General requirements of disclosure
9-A §11-109. Prohibited practices
9-A §11-110. Calculation of late charges
9-A §11-111. Allowable charges
9-A §11-112. Default; notice of default and right to cure
9-A §11-114. Consumer's right to acquire ownership when 50% of payments equals cash price
9-A §11-115. Liability damage waivers; fees
9-A §11-116. Receipts and accounts
9-A §11-117. Renegotiations and extensions
9-A §11-118. Advertising and point-of-sale disclosure
9-A §11-119. Collection activity