Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
029 - BUREAU OF FINANCIAL INSTITUTIONS
Chapter 240 - Truth-in-Lending, Regulation Z-3 (Regulation 38)(Ch. 138 is a joint rule with 02-030 Ch. 240)
Section 029-240-4 - GENERAL PROVISIONS

A. Creditors subject to Article 8-A of 9-A M.R.S. shall comply with federal truth-in-lending regulations issued by the CFPB, 12 C.F.R. Part 1026, up to and including the effective date of this regulation.3

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1 Copies of 12 CFR Part 1026 may be obtained at cost from the Bureau of Financial Institutions and the Bureau of Consumer Credit Protection, or from the CFPB at www.consumerfinance.gov.

2 Copies of 12 CFR Part 1013 may be obtained at cost from the Bureau of Financial Institutions and the Bureau of Consumer Credit Protection, or from the CFPB at www.consumerfinance.gov.

3 The adjustments to the threshold dollar amounts for consumer loans and consumer leases are automatically adjusted pursuant to the Maine Conforming Act, now codified in 9-A, M.R.S. § 1-301(11).

B. Creditors subject to Article 8-A of 9-A M.R.S. shall comply with federal consumer leasing regulations issued by the CFPB, 12 C.F.R. Part 1013, up to and including the effective date of this regulation.

C. Creditors subject to the enhanced restrictions in 9-A M.R.S. §8 - 506 shall comply with subsections 4(A) and 4(B) of this regulation, and shall comply with the enhanced restrictions in 9-A M.R.S. §8 - 506 with reference to 12 C.F.R. Part 1026 where any provision of 12 C.F.R. Part 226 is cited in § 8-506.

D. Creditors subject to Article 8-A of 9-A M.R.S. shall comply with federal truth-in-lending and consumer leasing regulations by the mandatory compliance deadlines set forth in those federal regulations, as applicable.

E. Creditors subject to Article 8-A of 9-A M.R.S. may comply with federal truth-in-lending and consumer leasing regulations prior to the mandatory compliance deadlines set forth in those federal regulations, as applicable.