§5-115. Misrepresentation
64 words·~1 min read·
/me/title-9-a-maine-consumer-credit-code/5-115·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A creditor or a person acting for a creditor 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. [RR 2025, c. 1, Pt. C, §41 (COR).]