Terms Used In Maine Revised Statutes Title 9-A Sec. 5-113

  • Allegation: something that someone says happened.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
An action against a consumer arising from a consumer credit transaction shall be brought in any county or division of the consumer’s residence, section 1?201, subsection 6, in the county or division in which the transaction was made or where an interest in land secures the consumer’s obligation, the action may be brought in the county or division in which the land or a part thereof is located. The consumer may have the action removed to the county or division of the consumer’s current residence upon motion accompanied by an allegation of a claim or defense to the action. If the residence of the consumer is not within this State, the action may be brought in the county or division in which the sale, lease or loan was made. [PL 1973, c. 762, §1 (NEW).]
SECTION HISTORY

PL 1973, c. 762, §1 (NEW).