§1-109. Transactions subject to Act by agreement
67 words·~1 min read·
/me/title-9-a-maine-consumer-credit-code/1-109·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The parties to a sale, lease or loan, or modification thereof, which is not a consumer credit transaction, may agree in a writing signed by the parties that the transaction is subject to the provisions of this Act applying to consumer credit transactions. If the parties so agree, the transaction is a consumer credit transaction for the purposes of this Act. [PL 1973, c. 762, §1 (NEW).]