§4-204. Notice of right to cancel credit insurance in open-end transactions
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/me/title-9-a-maine-consumer-credit-code/4-204·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A creditor who provides consumer credit insurance in relation to open-end credit shall, at least annually, inform the consumer of the voluntary nature of the insurance and of the consumer's right to cancel that insurance at will. [RR 2025, c. 1, Pt. C, §33 (COR).]