§4-106. Unconscionability
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/me/title-9-a-maine-consumer-credit-code/4-106·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
1. In applying the provisions of this Act on unconscionability, sections 5‑108 and 6‑111 , to a separate charge for insurance, consideration shall be given, among other factors, to:
A. Potential benefits to the consumer including the satisfaction of the consumer's obligations; [RR 2025, c. 1, Pt. C, §32 (COR).]
B. The creditor's need for the protection provided by the insurance; and [PL 1973, c. 762, §1 (NEW).]
C. The relation between the amount and terms of credit granted and the insurance benefits provided. [PL 1973, c. 762, §1 (NEW).]
[RR 2025, c. 1, Pt. C, §32 (COR).]
2. If consumer credit insurance otherwise complies with Parts 1 , 2 and 3 of this Article and other applicable law, neither the amount nor the term of the insurance nor the amount of a charge therefor is in and of itself unconscionable in the absence of other practices and circumstances.
[PL 1997, c. 315, §3 (AMD).]