Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
029 - BUREAU OF FINANCIAL INSTITUTIONS
Chapter 142 - CHARGES PERMITTED FOR PREPAYMENT OF CERTAIN CONSUMER LOANS (Reg. 42)
Section 029-142-I - AUTHORITY

Universal Citation: 02 ME Code Rules ยง 029-142-I
Current through 2024-13, March 27, 2024

Title 9-A M.R.S.A. §2 - 509 authorizes the Superintendent to adopt rules to implement the changes in statute which permit a supervised financial organization to assess a consumer a reasonable charge related to the prepayment of a consumer loan secured by an interest in land.

Title 9-B M.R.S.A. §111 declares that it is the policy of the state to supervise financial institutions in a manner to assure their strength, stability, and efficiency and to encourage development and expansion of financial services advantageous to the public welfare.

Title 9-B M.R.S.A. §215 authorizes the Superintendent to implement by rule any provision of law relating to the supervision of financial institutions.

Title 9-B M.R.S.A. §§241 and 242 address anticompetitive or deceptive practices.

Title 9-B M.R.S.A. §251 states that rules promulgated by the Bureau must conform to the requirements of the Maine Administrative Procedure Act.

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