§10-303. Requirement for written disclosure Before any agreement is entered into, or before any money is paid by a consumer, whichever occurs first, the loan broker shall provide the consumer with written disclosure of material consumer protections, including the following: [PL 2005, c. 274, §10 (AMD).]1. The existence and purpose of the surety bond on file with the State, and the procedure for instituting an action against that bond; [PL 1989, c. 70, §3 (NEW).] 2. The requirement that all fees from the consumer, other than bona fide 3rd-party fees, be placed in an escrow account; and [PL 1989, c. 70, §3 (NEW).] 3. The requirement for a written, signed agreement between the parties. [PL 1989, c. 70, §3 (NEW).] SECTION HISTORY PL 1989, c. 70, §3 (NEW). PL 2005, c. 274, §10 (AMD).
Maine Legal Code