§3-506. Limitation
This Part does not apply to any consumer credit transaction covered by Article 8‑A and subject to the right of rescission pursuant to the Federal Truth in Lending Act, 15 United States Code, Section 1601 et seq., nor does it apply to any sale, by any dealer or agent or salesperson of a registered dealer, registered pursuant to Title 32, chapter 135, of stocks, bonds, debentures or securities representing stocks, bonds or debentures registered pursuant to Title 32, chapter 135 or expressly exempt from registration thereof. [PL 2011, c. 427, Pt. D, §11 (AMD).]
SECTION HISTORY
PL 1973, c. 762, §1 (NEW). PL 1977, c. 564, §45 (AMD). PL 1981, c. 698, §19 (AMD). PL 1987, c. 129, §62 (AMD). PL 2005, c. 65, §C4 (AMD). PL 2011, c. 427, Pt. D, §11 (AMD).
Structure Maine Revised Statutes
TITLE 9-A: MAINE CONSUMER CREDIT CODE
Article 3: REGULATION OF AGREEMENTS AND PRACTICES
Part 5: HOME SOLICITATION SALES
9-A §3-501. Definition: "Home solicitation sale"
9-A §3-502. Buyer's right to cancel
9-A §3-503. Form of agreement or offer; statement of buyer's rights
9-A §3-503-A. Frozen food contracts (REPEALED)
9-A §3-504. Restoration of down payment; no retention of cancellation fee
9-A §3-505. Duty of buyer; no compensation for services prior to cancellation