An Act To Protect Consumer Rights under the Maine Unfair Trade Practices Act
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 5 MRSA §208, sub-§1, as enacted by PL 1969, c. 577, §1, is amended to read:
1. Regulatory boards. Transactions or actions otherwise permitted under laws as administered by any regulatory board or officer acting under statutory authority of the State or of the United States ; or . This exception applies only if the defendant shows that:
A. Its business activities are subject to regulation by a state or federal agency; and
B. The specific activity that would otherwise constitute a violation of this chapter is authorized, permitted or required by a state or federal agency or by applicable law, rule or regulation or other regulatory approval.
Effective September 20, 2007