Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
030 - BUREAU OF CONSUMER CREDIT PROTECTION
Chapter 190 - ENFORCEMENT POLICY GUIDELINES
Section 030-190-2 - PURPOSE
Universal Citation: 02 ME Code Rules ยง 030-190-2
Current through 2024-38, September 18, 2024
The purpose of this Rule is to establish standards for addressing violations of Articles I through VI of the Maine Consumer Credit Code and Article VIII, its Truth-in-Lending provisions. Maine must have an enforcement policy at least as strict as that required by the Federal Truth-in-Lending Act in order to maintain a delegation of enforcement authority from the Federal Reserve Board pursuant to Section 123 of the Federal Truth-in-Lending Act.
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