[2003, c. 337, §5(AMD).]
The provisions of this section do not affect the obligations of a consumer under a loan or sales contract or the secured interest of any secured party. The secured party shall consent to the replacement of the security interest with a corresponding security interest on a replacement motor vehicle that is accepted by the consumer in exchange for the motor vehicle, if the replacement motor vehicle is comparable in value to the original motor vehicle. If, for any reason, the security interest in the motor vehicle having a defect or condition is not able to be replaced with a corresponding security interest on a motor vehicle accepted by the consumer, the consumer is entitled to a refund. Refunds required under this section must be made to the consumer and the secured party, if any, as their interests exist at the time the refund is to be made. Similarly, refunds to a lessor and lessee must be made as their interests exist at the time the refund is to be made.
[2003, c. 337, §5(AMD).]
[2003, c. 337, §5(AMD).]
[2003, c. 337, §5(AMD).]
[2003, c. 337, §5(AMD).]
[1983, c. 145(NEW).]
[1987, c. 395, §6(AMD).]
[1987, c. 359, §7(NEW).]
The certificate of title of a vehicle subject to the disclosure requirements of this subsection is subject to the branding requirements of Title 29-A, section 670.
[2007, c. 383, §1(AMD).]
[2003, c. 337, §5(NEW).]
10 M.R.S. § 1163