§9-401. 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 1987, c. 396, §12 (NEW).]
SECTION HISTORY
PL 1987, c. 396, §12 (NEW).
Structure Maine Revised Statutes
TITLE 9-A: MAINE CONSUMER CREDIT CODE
Part 4: REMEDIES AND PENALTIES
9-A §9-402. Unconscionability; inducement by unconscionable conduct
9-A §9-403. Illegal, fraudulent or unconscionable conduct in attempted collection of debts
9-A §9-404. Stay of enforcement of judgment
9-A §9-405. Effect of violations on rights of parties
9-A §9-406. Refunds and penalties as set-off to obligation
9-A §9-407. Criminal penalties
9-A §9-408. Violation of the Maine Unfair Trade Practices Act