9-A §5-115. Misrepresentation
Title 9-A: MAINE CONSUMER CREDIT CODE
Article 5: REMEDIES AND PENALTIES
Part 1: LIMITATIONS ON CREDITORS' REMEDIES
§5-115. Misrepresentation
A creditor or a person acting for him 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. [1973, c. 762, §1 (NEW).]
SECTION HISTORY
1973, c. 762, §1 (NEW).