Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
030 - BUREAU OF CONSUMER CREDIT PROTECTION
Chapter 140 - LIMITING COVERAGE ON PROPERTY RELATED TO CREDIT TRANSACTIONS
Current through 2024-38, September 18, 2024
SUMMARY: This rule prohibits dual coverage of insurance on items related to credit transactions. The creditor must inquire if the debtor's property insurance covers these items. If it does, the creditor cannot offer such insurance to the debtor.
AUTHORITY: 9-A M.R.S.A. §4 - 301
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