Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
030 - BUREAU OF CONSUMER CREDIT PROTECTION
Chapter 350 - CREDIT SERVICES ORGANIZATION
- Section 030-350-1 - AUTHORITY
- Section 030-350-2 - DEFINITIONS AND EXCLUSIONS
- Section 030-350-3 - REQUIREMENTS AND PROCEDURES FOR REGISTRATION OF CREDIT SERVICES ORGANIZATIONS
- Section 030-350-4 - REQUIREMENTS AND PROCEDURES FOR OPERATION OF CREDIT SERVICES ORGANIZATIONS
- Section 030-350-5 - EXAMINATIONS AND INVESTIGATIONS
Current through 2024-13, March 27, 2024
SUMMARY: Public Law 1989, Chapter 70, "An Act Relating to Credit Services Organizations," was enacted April 28, 1989, and took effect September 30, 1989. It adds an Article X to the Consumer Credit Code, and regulates the practices of(1) arrangers of credit, or loan brokers, and(2) credit repair services or "credit clinics," by requiring registration, bonding, escrowing of customer funds and other consumer protections. This Rule, promulgated pursuant to the provisions of the Act, delineates appropriate practices and procedures to be followed by those businesses.
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