§1124. Requirements for agreements
After October 1, 1982, every consumer loan agreement, and after January 1, 1987, every consumer lease agreement, shall be:
[PL 1985, c. 763, Pt. A, §71 (AMD).]
1.
Plain language.
Written in a clear and coherent manner using words with common and everyday meanings; and
[PL 1981, c. 236, §1 (AMD).]
2.
Meaningful arrangement.
Appropriately divided and captioned by its various sections.
[PL 1979, c. 483 (NEW).]
SECTION HISTORY
PL 1979, c. 483 (NEW). PL 1981, c. 236, §1 (AMD). PL 1981, c. 551, §1 (AMD). PL 1985, c. 763, §A71 (AMD).