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United States — Maine Act or statute

United States — Maine legislation

Maine Revised Statutes, Title 10, § 1122: Definitions, 1979

This section defines key terms used in the chapter, including agreement, consumer, consumer lease, consumer loan, lessor, amount financed, and supervised lender.

Source excerpt

consumer leasesconsumer loanslenderslessors
Jurisdiction
United States — Maine
Structure
1 provisions
Official identity
Year 1979
Dates
Enacted 1979 · Source version 1 Oct 2025
More statute details
Dates
Enacted 1979 · Source version 1 Oct 2025
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“This section defines key terms used in the chapter, including agreement, consumer, consumer lease, consumer loan, lessor, amount financed, and supervised lender.”

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    Enacted 1979 · Source version 1 Oct 2025. The date shown identifies this source expression and should not be treated as proof that no later change exists.

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Definitions

This section defines key terms used in the chapter, including agreement, consumer, consumer lease, consumer loan, lessor, amount financed, and supervised lender.

Section 1122

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Source record from legislature.maine.gov · Enacted 1979 · Source version 1 Oct 2025

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Interpretation
§ 1122DefinitionsInterpretation

Source excerpt

This section defines key terms used in the chapter, including agreement, consumer, consumer lease, consumer loan, lessor, amount financed, and supervised lender.

As used in this chapter unless the context clearly indicates otherwise, the following terms shall have the following meanings. [PL 1979, c. 483 (NEW).] 1. Agreement. "Agreement" means any writing which is substantially prepared in advance of a consumer loan or consumer lease and which a supervised lender or lessor furnishes to a consumer for the consumer to sign in connection with that loan or lease. [PL 1985, c. 763, Pt. A, §67 (AMD).] 2. Amount financed. "Amount financed" means "amount financed" as defined by Title 9‑A, section 1‑301, subsection 5. [PL 1979, c. 483 (NEW).] 3. Consumer. "Consumer" means an individual to whom a consumer loan or consumer lease is made. [PL 1985, c. 763, Pt. A, §67 (AMD).] 3-A. Consumer lease. "Consumer lease" means a lease of goods to a consumer by a lessor for personal, family or household purposes, which is for a term exceeding 4 months and which is not made pursuant to a lender credit card. [PL 1985, c. 763, Pt. A, §68 (NEW).] 4. Consumer loan. "Consumer loan" means a loan made to a consumer by a supervised lender for personal, family or household purposes, if the debt is payable in installments or a finance charge is made, including a loan made pursuant to a lender credit card. [PL 1979, c. 483 (NEW).] 4-A. Lessor. "Lessor" means a person who, in the ordinary course of business, regularly leases, offers to lease or arranges for the lease of personal property under a consumer lease. [PL 1985, c. 763, Pt. A, §69 (NEW).] 5. Supervised lender. "Supervised lender" means "supervised lender" as defined under Title 9‑A, section 1‑301, subsection 39. [PL 1979, c. 483 (NEW).]
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  • 1 Oct 2025 · currentEnglish

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