Maine Revised Statutes > Title 9-A > Article 3 > Part 4 – Limitations On Consumer’s Liability
Current as of: 2023 | Check for updates
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Other versions
§ 3-401 | Restriction on liability in consumer lease |
§ 3-402 | Limitation on default charges |
§ 3-403 | Assignee subject to defenses |
§ 3-404 | Interlocking loans |
§ 3-404-A | Interlocking leases |
Terms Used In Maine Revised Statutes > Title 9-A > Article 3 > Part 4 - Limitations On Consumer's Liability
- Arrest: Taking physical custody of a person by lawful authority.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Grand jury: agreement providing that a lender will delay exercising its rights (in the case of a mortgage,
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Open-end credit: A credit agreement (typically a credit card) that allows a customer to borrow against a preapproved credit line when purchasing goods and services. The borrower is only billed for the amount that is actually borrowed plus any interest due. (Also called a charge account or revolving credit.) Source: OCC
- Penal institutions: includes a jail, prison, penitentiary, house of correction or other place of penal detention. See Maine Revised Statutes Title 15 Sec. 1461
- Personal property: All property that is not real property.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- State: includes any state of the United States, the District of Columbia, the Commonwealth of Puerto Rico and any territory of the United States. See Maine Revised Statutes Title 15 Sec. 1461
- Testify: Answer questions in court.
- Testimony: Evidence presented orally by witnesses during trials or before grand juries.
- Witness: means a person who is confined in a penal institution in any state and whose testimony is desired in another state in any criminal proceeding or investigation by a grand jury or in any criminal action before a court. See Maine Revised Statutes Title 15 Sec. 1461
- Year: means a calendar year, unless otherwise expressed. See Maine Revised Statutes Title 1 Sec. 72