Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
030 - BUREAU OF CONSUMER CREDIT PROTECTION
Chapter 706 - ESTABLISHMENT OF REGISTRATION AND RENEWAL FEES AND APPLICATION REQUIREMENTS FOR MAINE'S DEBT MANAGEMENT SERVICE PROVIDER REGISTRATION AND REQUIREMENT FOR REGISTRATION THROUGH THE NATIONWIDE MULTI-STATE LICENSING SYSTEM (NMLS)

SUMMARY

This Chapter makes the modifications necessary to transition registration of all debt management service providers currently registered by the State of Maine to a multi-state system administered by the Nationwide Multi-state Licensing System (NMLS). As authorized by law, this Chapter establishes an annual registration effective from January 1 through December 31 of each year and sets application and renewal fees and application requirements for debt management service providers. The rule requires applicants for new registrations to apply to NMLS as of November 1, 2023 and requires debt management service providers currently registered in Maine to transition to NMLS.

STATUTORY AUTHORITY: 32 M.R.S. § 6173