Maine Revised Statutes
Part 4: LIMITATIONS ON CONSUMER'S LIABILITY
9-A §3-401. Restriction on liability in consumer lease

§3-401. Restriction on liability in consumer lease
The obligation of a lessee upon expiration of a consumer lease may not exceed twice the average payment allocable to a monthly period under the lease. This limitation does not apply to charges for damages to the leased property or for other default.   [PL 1981, c. 243, §20 (AMD).]
SECTION HISTORY
PL 1973, c. 762, §1 (NEW). PL 1981, c. 243, §§20,26 (AMD). PL 1981, c. 551, §3 (AMD).

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Structure Maine Revised Statutes

Maine Revised Statutes

TITLE 9-A: MAINE CONSUMER CREDIT CODE

Article 3: REGULATION OF AGREEMENTS AND PRACTICES

Part 4: LIMITATIONS ON CONSUMER'S LIABILITY

9-A §3-401. Restriction on liability in consumer lease

9-A §3-402. Limitation on default charges

9-A §3-403. Assignee subject to defenses

9-A §3-404. Interlocking loans

9-A §3-404-A. Interlocking leases