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-II - PURPOSE

The purpose of this chapter is to permit the State of Maine to use NMLS for licensing all debt collectors. Use of the system will provide improved oversight over the activities of the companies, will simplify recordkeeping, and will standardize processes for all debt collectors licensed in Maine. This chapter does not modify the standards for licensing or the applicability of the provisions of the Maine Fair Debt Collection Practices Act, but rather sets forth the licensing requirements to be utilized henceforth by the Bureau.