Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
030 - BUREAU OF CONSUMER CREDIT PROTECTION
Chapter 705 - ESTABLISHMENT OF LICENSE AND RENEWAL FEES AND APPLICATION REQUIREMENTS FOR MAINE'S DEBT COLLECTOR LICENSING AND REQUIREMENT FOR LICENSING THROUGH THE NATIONWIDE MULTISTATE LICENSING SYSTEM (NMLS)
Section 030-705-I - AUTHORITY

Pursuant to 32 M.R.S. §11031(2), the Administrator may establish, by rule, fees to apply for or renew debt collector licenses, except that the fee for an initial application may not exceed $800.00 and for a renewal may not exceed $500.00 for any licensed location. Renewal applications received after the expiration date are subject to a late fee of $100.00.

Title 32 M.R.S. §11031(2) authorizes the Administrator to establish routine technical rules to move debt collector licensing to the Nationwide Multistate Licensing System (NMLS), including rules authorizing NMLS to collect fees and remit those fees to the Bureau; authorizing collection of fees by NMLS for its processing costs; authorizing the NMLS to process and maintain license records; and authorizing the use of NMLS uniform forms.

Title 32 M.R.S. §11031(2) authorizes the Administrator to establish routine technical rules to establish fees for the initial licensing and renewal licensing of debt collectors and to establish licensing requirements.