Notice of right to cancel credit insurance in open-end transactions

1. Law
2. Maine Revised Statutes
3. MAINE CONSUMER CREDIT CODE
4. INSURANCE
5. CONSUMER CREDIT INSURANCE
6. Notice of right to cancel credit insurance in open-end transactions

§4-204. Notice of right to cancel credit insurance in open-end transactions

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 his right to cancel that insurance at will.   [PL 1985, c. 336, §7 (NEW).]

SECTION HISTORY

PL 1985, c. 336, §7 (NEW).

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