Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
030 - BUREAU OF CONSUMER CREDIT PROTECTION
Chapter 701 - ESTABLISHMENT OF REGISTRATION AND RENEWAL FEES FOR MAINE'S CHECK CASHER/CURRENCY EXCHANGER REGISTRATION AND REQUIREMENT FOR REGISTRATION THROUGH THE NATIONWIDE MULTI-STATE REGISTRATION SYSTEM (NMLS)

SUMMARY

This chapter makes the modifications necessary to transition registration of all check casher/currency exchangers currently registered by the State of Maine to a multi-state system administered by the Nationwide Multistate Licensing System (NMLS). As authorized by law, this chapter establishes an annual registration effective from January 1 through December 31 of each year. It sets application and renewal fees and application requirements for check casher/currency exchangers. The rule requires applicants for new registrations or renewal registrations to apply to NMLS for registration for years 2024 and beyond and requires check cashers/currency exchangers currently registered in Maine to transition to NMLS.

STATUTORY AUTHORITY: 32 M.R.S. §§6133(3) and 6133(4)