§11-102. Purpose; rules of construction
125 words·~1 min read·
/me/title-9-a-maine-consumer-credit-code/11-102·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
1. This Article must be liberally construed and applied to promote its underlying purposes and policies.
[PL 1991, c. 787 (NEW).]
2. The underlying purposes and policies of this Article are to:
A. Simplify, clarify and modernize the law governing rental-purchase agreements; [PL 1991, c. 787 (NEW).]
B. Provide certain disclosures to consumers who enter into rental-purchase agreements and to promote consumer understanding of the terms of rental-purchase agreements; [PL 1991, c. 787 (NEW).]
C. Protect consumers against unfair practices by some rental-purchase dealers, having due regard for the interests of legitimate and scrupulous rental-purchase dealers; and [PL 1991, c. 787 (NEW).]
D. Permit and encourage the development of fair and economically sound rental-purchase practices. [PL 1991, c. 787 (NEW).]
[PL 1991, c. 787 (NEW).]