Restriction on liability in consumer lease

  1. Law
  2. Maine Revised Statutes
  3. MAINE CONSUMER CREDIT CODE
  4. REGULATION OF AGREEMENTS AND PRACTICES
  5. LIMITATIONS ON CONSUMER'S LIABILITY
  6. Restriction on liability in consumer lease

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§3-401. Restriction on liability in consumer lease

The obligation of a lessee upon expiration of a consumer lease may not exceed twice the average payment allocable to a monthly period under the lease. This limitation does not apply to charges for damages to the leased property or for other default.   [PL 1981, c. 243, §20 (AMD).]

SECTION HISTORY

PL 1973, c. 762, §1 (NEW). PL 1981, c. 243, §§20,26 (AMD). PL 1981, c. 551, §3 (AMD).


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