9-A M.R.S. §11-102: Purpose; rules of construction

1. This Article must be liberally construed and applied to promote its underlying purposes and policies.

2. The underlying purposes and policies of this Article are to:

A. Simplify, clarify and modernize the law governing rental-purchase agreements;

B. Provide certain disclosures to consumers who enter into rental-purchase agreements and to promote consumer understanding of the terms of rental-purchase agreements;

C. Protect consumers against unfair practices by some rental-purchase dealers, having due regard for the interests of legitimate and scrupulous rental-purchase dealers; and

D. Permit and encourage the development of fair and economically sound rental-purchase practices.