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
Section 030-140-1 - Prohibiting Dual Coverage of Insurance
Universal Citation: 02 ME Code Rules ยง 030-140-1
Current through 2024-38, September 18, 2024
It shall be understood, in accordance with the provisions of Section 4-301, that no substantial risk of loss or damage to property related to the credit transaction exists if the creditor knew or should have known as the result of a reasonable inquiry that the debtor had adequate coverage in force including but not limited to some form of dwelling contents coverage.
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