Please note the following updates to the Maine LAW F&I Library®:
Conditional Delivery Agreement - Purchase
The new form number is LAWME-0303P(2P)25. It replaces the LAWME-0303P(2P). The new form include, among others, the following updates:
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Document title change - previously Limited Right to Cancel - Purchase
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Added fields to document Sales Person and Deal Number
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Expanded Vehicle Description section to add fields for mileage and stock number
Conditional Delivery Agreement - Lease
The new form number is LAWME-0303L(2P)25. It replaces the LAWME-0303L(2P). The new form include, among others, the following updates:
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Document title change - previously Limited Right to Cancel - Lease
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Added fields to document Lessee and Co-Lessee Email Address and Phone Numbers
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Modified language to reflect document title change
Arbitration Agreement
The LAW-ARB4P8/22 was approved for use in Maine.
Optional Product Disclosure
The new form number is LDJ-OPD(3P)24. It replaces the LDJ-OPD(3P)19. The new form includes, among others, the following updates:
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Expanded Buyers/Lessee information field to include fields for Email, Phone, and Cell
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Modified language to better clarify that the customer is not required to buy optional products or services to obtain credit or a lease.
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Added checkboxes to identify Transaction Type
Lien Payoff Authorization & Release
The new form number is PAYOFF-RELEASE24. It replaces the PAYOFF-RELEASE19. The new form includes, among others, the following updates:
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Changed form title from Authorization to Release Payoff Information to Lien Payoff Authorization and Release
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Expanded scope of form to include both trade-in transactions and dealer purchase transactions
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Provides a description of the lien payoff process and the owner's financial responsibility
We Owe You Owe
The SA-1506YO has been added to the F&I Library.
Dealers will need to consult with their DMS provider regarding reprogramming requirements for new or updated documents.
You can place orders for the most recent version of any LAW document through our online portal ReySource, by contacting your Document Services Consultant, or calling 1.800.344.0996.