Maine Revised Statutes Title 10 Sec. 1210-B – Limitation
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This chapter does not apply to the following: [PL 2001, c. 471, Pt. E, §2 (NEW).]
1. Sales under $25.
[PL 2009, c. 502, §3 (RP).]
Terms Used In Maine Revised Statutes Title 10 Sec. 1210-B
- Affirmed: In the practice of the appellate courts, the decree or order is declared valid and will stand as rendered in the lower court.
- Established business relationship: means a prior or existing relationship formed by a voluntary 2-way communication between a seller and a consumer with an exchange of consideration on the basis of the consumer's purchase from or transaction with the seller within the 18 months immediately preceding the date of a free offer. See Maine Revised Statutes Title 10 Sec. 1210
- Free offer: means an offer of a rebate or of products or services without cost to a consumer by a seller under which, as a result of accepting the rebate, products or services, the consumer is required to contact the seller to avoid incurring a financial obligation for receiving additional products or services. See Maine Revised Statutes Title 10 Sec. 1210
1-A. Established business relationships. A free offer when the seller and the consumer have an established business relationship. The consumer’s established business relationship with the seller does not extend to affiliates of the seller, unless the consumer would reasonably expect an affiliate to be included given the nature and type of goods or services offered by the affiliate and the identity of the affiliate;
[PL 2009, c. 502, §4 (NEW).]
[PL 2001, c. 471, Pt. E, §2 (NEW).]
3. Securities. A sale by a dealer or agent or salesman of a dealer registered pursuant to Title 32, chapter 135 of stocks, bonds, debentures or securities representing stocks, bonds or debentures registered pursuant to Title 32, chapter 135 or expressly exempt from registration pursuant to Title 32, chapter 135;
[PL 2005, c. 65, Pt. C, §6 (AMD).]
[PL 2001, c. 471, Pt. E, §2 (NEW).]
5. Credit services. A sale of credit services by a supervised lender, as defined in Title 9?A, section 1?301, subsection 39, or an agent or affiliate of a supervised lender to the extent the affiliate or agent is selling or offering to sell the credit services of the supervised lender. For purposes of this paragraph, “credit services” includes any extension of credit and any product or service that a supervised lender is authorized by law or regulation to sell in connection with or relating to an extension of credit, such as credit insurance and a debt cancellation policy. For the purposes of this paragraph, “affiliate” has the same meaning as in Title 9?B, section 131, subsection 1?A. Transactions covered by this exemption are limited to those that become effective only after the consumer has affirmed the terms and conditions of the agreement by an acceptance initiated by the consumer.
[PL 2001, c. 471, Pt. E, §2 (NEW).]
SECTION HISTORY
PL 2001, c. 471, §E2 (NEW). PL 2005, c. 65, §C6 (AMD). PL 2009, c. 502, §§3, 4 (AMD).