After October 1, 1982, every consumer loan agreement, and after January 1, 1987, every consumer lease agreement, shall be:

1. 1. Plain language Written in a clear and coherent manner using words with common and everyday meanings; and

   [PL 1981, c. 236, §1 (AMD).]

2. 2. Meaningful arrangement Appropriately divided and captioned by its various sections.

   [PL 1979, c. 483 (NEW).]

PL 1979, c. 483 (NEW). PL 1981, c. 236, §1 (AMD). PL 1981, c. 551, §1 (AMD). PL 1985, c. 763, §A71 (AMD).