An Act To Prohibit Deceptive Practices Regarding Unsolicited Loans
Sec. 1. 9-A MRSA §3-201, sub-§1, as amended by PL 1987, c. 129, §54, is further amended to read:
Sec. 2. 9-A MRSA §9-301, sub-§1, as enacted by PL 1987, c. 396, §12, is amended to read:
Sec. 3. 9-B MRSA §242, sub-§5 is enacted to read:
This bill prohibits financial institutions and creditors from mailing unsolicited loan offers in the form of checks that when cashed by the recipient constitute acceptance of a loan.