| | | Be it enacted by the People of the State of Maine as follows: |
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| | | Sec. 1. 24-A MRSA c. 87 is enacted to read: |
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| | | §7001.__Scope and purpose |
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| | | 1.__ Purpose.__The purpose of this chapter is to create a | | legal framework within which service contracts may be sold in | | this State. |
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| | | 2.__General exemptions.__ The following are exempt from the | | provisions of this Title, including the other provisions of this | | chapter: |
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| | | B.__Maintenance agreements; |
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| | | C.__Warranties, service contracts and maintenance agreements | | offered by public utilities on their transmission devices to | | the extent they are regulated by the Public Utilities | | Commission; |
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| | | D.__Service contracts sold or offered for sale to persons | | other than consumers; and |
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| | | E.__Service contracts on tangible property when the tangible | | property for which the service contract is sold has a | | purchase price of $350 or less, exclusive of sales tax. |
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| | | 3.__Service contract provider exemptions. The marketing, sale, | | offering for sale, issuance, making, proposing to make and | | administration of service contracts by providers and related | | service contract sellers, administrators and other persons are | | subject to the provisions of this chapter and exempt from all | | other provisions of this Title. |
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| | | 4.__Motor vehicle manufacturer's service contracts.__Motor | | vehicle manufacturer's service contracts on the motor vehicle | | manufacturer's products must comply only with section 7003, | | subsection 5; section 7005, subsection 1, first paragraph; | | section 7005, subsection 1, paragraphs C to K; section 7006; and | | section 7010 and are exempt from the other provisions of this | | Title. |
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