Maine Revised Statutes Title 9-A Sec. 6-109 – Assurance of discontinuance
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Maine Revised Statutes Title 9-A Sec. 6-109
- Escrow: Money given to a third party to be held for payment until certain conditions are met.
- in writing: include printing and other modes of making legible words. See Maine Revised Statutes Title 1 Sec. 72
- Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
If it is claimed that a person has engaged in conduct which could be subject to an order by the administrator, section 6?108, or by a court, sections 6?110 to 6?112, the administrator may accept an assurance in writing that the person will not engage in the same or in similar conduct in the future. Such an assurance may include any, or any combination, of the following: Stipulations for the voluntary payment by the creditor of the costs of investigation or of an amount to be held in escrow as restitution to debtors aggrieved by past or future conduct of the creditor or to cover costs of future investigation, or admissions of past specific acts by the creditor or that such acts violated this Act or other statutes. A violation of an assurance of discontinuance shall be a violation of this Act. [PL 1973, c. 762, §1 (NEW).]
SECTION HISTORY
PL 1973, c. 762, §1 (NEW).