Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
030 - BUREAU OF CONSUMER CREDIT PROTECTION
Chapter 708 - AMENDMENT OF LICENSE AND RENEWAL FEES FOR MAINE'S MORTGAGE LOAN ORIGINATOR LICENSING THROUGH THE NATIONWIDE MULTISTATE LICENSING SYSTEM (NMLS)
Section 030-708-II - PURPOSE

The purpose of this chapter is to amend the current licensing and renewal fees for mortgage loan originators to reflect the cost of processing to the Bureau. The original fee of $20.00 was set when Article 13 was added to Title 9-A M.R.S., the Maine Consumer Credit Code. That fee does not adequately cover the cost to the Bureau for processing applications or renewals and information reported or changed during the license period.