§5-115. Misrepresentation
A creditor or a person acting for him may not induce a consumer to enter into a consumer credit transaction by misrepresentation of a material fact with respect to the terms and conditions of the extension of credit. A consumer so induced may rescind the sale, lease or loan or recover actual damages, or both. [PL 1973, c. 762, §1 (NEW).]
SECTION HISTORY
PL 1973, c. 762, §1 (NEW).
Structure Maine Revised Statutes
TITLE 9-A: MAINE CONSUMER CREDIT CODE
Article 5: REMEDIES AND PENALTIES
Part 1: LIMITATIONS ON CREDITORS' REMEDIES
9-A §5-103. Restrictions on deficiency judgments
9-A §5-104. No garnishment before judgment
9-A §5-105. Limitation on garnishment
9-A §5-106. No discharge from employment for garnishment
9-A §5-107. Extortionate extensions of credit
9-A §5-108. Unconscionability; inducement by unconscionable conduct
9-A §5-110. Notice of consumer's right to cure
9-A §5-112. Creditor's right to take possession after default
9-A §5-114. Stay of enforcement of judgment
9-A §5-116. Illegal, fraudulent or unconscionable conduct in attempted collection of debts
9-A §5-116-A. Debts owed to health care providers