Consumer Credit Rights

Consumer Credit Rights Many consumers use credit to pay for goods and services. When you take out a loan to buy a car or use a credit card to buy a household item or service, you are using credit. Both federal and Maine law provide specific rights and protections for consumers using credit. In Maine, these laws are primarily enforced by the Bureau of Consumer Credit Protection and the Bureau of Financial Institutions . If you have a question or complaint about credit, you may contact these agencies directly. If you would like to file a complaint about a business, please use our online service . Consumer Credit Rights downloadables Consumer Law Guide, Chapter 26: Consumer Credit Rights (Word) Guide to Consumer Credit Rights Maine Consumer Credit Code Many of the protections for Maine consumers with respect to credit transactions are found in the Maine Consumer Credit Code . Truth-in-lending The Maine Consumer Credit Code includes Maine’s truth-in-lending law . This law also includes federal truth-in-lending requirements. Truth-in-lending requires creditors to make specific disclosures to consumers about the cost of credit being offered, including the finance charge and the Annual Pe