{"data":{"id":"us-me/9-a-m.r.s.-9-401","jurisdiction":"us-me","citation":"9-A M.R.S. §9-401","heading":"Misrepresentation","body":"A creditor or a person acting for a creditor may not induce a consumer to enter into a consumer credit transaction by misrepresentation of a material fact with respect to the terms and conditions of the extension of credit.  A consumer so induced may rescind the sale, lease or loan or recover actual damages, or both.","path":["TITLE 9-A: MAINE CONSUMER CREDIT CODE","PART 4: REMEDIES AND PENALTIES"],"source_url":"https://legislature.maine.gov/statutes/9-A/title9-Asec9-401.html","current_through":"October 1, 2025","vintage":"","retrieved_at":"2026-09-04T15:12:24Z","sha256":"f36c604a518e8aff9df3a2a28a86f1401a0d2ada317a3b23784506451a2edb97","source_id":"us-me","stale":false,"prev":"us-me/9-a-m.r.s.-9-315","next":"us-me/9-a-m.r.s.-9-402"},"notice":"GroundRules: Original legal text. Not legal advice."}