Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
030 - BUREAU OF CONSUMER CREDIT PROTECTION
Chapter 711 - ESTABLISHMENT OF LICENSE AND RENEWAL FEES AND APPLICATION REQUIREMENTS FOR MAINE'S SUPERVISED LENDERS AND REQUIREMENT FOR LICENSING OF ALL SUPERVISED LENDERS THROUGH THE NATIONWIDE MULTISTATE LICENSING SYSTEM (NMLS)
Section 030-711-II - PURPOSE

The purpose of this Chapter is to permit the State of Maine to utilize NMLS for the licensing of all supervised lenders. Use of the system will provide improved oversight over the activities of the companies and will simplify recordkeeping and standardize processes for all supervised lenders licensed in Maine. This chapter also establishes application requirements and fees for initial and renewal licensing.