Ask Reggi Your Question Now
Can you summarize 10 MERS Part 3, Chapter 202-A?
REGULATION OF TRADE > PAYMENT BY NEGOTIABLE INSTRUMENT
Short Summary
The provided legal document content governs the acceptance of negotiable instruments as payment in full or in part for goods or services. It states that no person accepting a negotiable instrument can require the payor to use a bank credit card as a form of identification if the payor does not possess a bank credit card. However, this section does not limit the other reasonable forms of identification a payee may require before accepting a negotiable instrument. The document does not mention any specific exemptions or penalties related to this requirement.
Whom does it apply to?
Persons accepting negotiable instruments as payment for goods or services
What does it govern?
Acceptance of negotiable instruments as payment for goods or services
What are exemptions?
There are no specific exemptions mentioned in the document.
What are the Penalties?
No penalties are mentioned in the document.
Jurisdiction
Maine