9-A §11-111. Allowable charges
Title 9-A: MAINE CONSUMER CREDIT CODE
Article 11: RENTAL-PURCHASE PRACTICES HEADING: PL 1991, C. 787 (NEW)
§11-111. Allowable charges
In addition to rental payments, a merchant may contract for and receive the following charges or fees. [2001, c. 287, §12 (AMD).]
1. An initial administrative fee not to exceed $15 may be assessed but the fee must be refunded to the consumer if the rental agreement is not consummated. If a consumer enters into more than one rental-purchase agreement with a merchant on the same day, only one initial administrative fee may be assessed.
[ 2001, c. 287, §12 (AMD) .]
2. An optional delivery charge may not exceed $30 for 3 or fewer items actually delivered or $60 for 4 or more items actually delivered.
[ 2001, c. 287, §12 (AMD) .]
3. An optional payment pick-up fee may not exceed $7.50 and may be assessed only once per payment.
[ 2001, c. 287, §12 (AMD) .]
4. A liability damage waiver fee may be contracted for and received pursuant to section 11-115.
[ 1991, c. 787, (NEW) .]
SECTION HISTORY
1991, c. 787, (NEW). 2001, c. 287, §12 (AMD).