Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
030 - BUREAU OF CONSUMER CREDIT PROTECTION
Chapter 713 - ESTABLISHMENT OF REGISTRATION AND RENEWAL FEES AND APPLICATION REQUIREMENTS FOR MAINE'S GUARANTEED ASSET PROTECTION WAIVER ADMINISTRATORS AND REQUIREMENT FOR REGISTRATION THROUGH THE NATIONWIDE MULTISTATE LICENSING SYSTEM (NMLS)
Section 030-713-I - AUTHORITY

Pursuant to 10 M.R.S. §1500-H(6-A), the Superintendent may establish, by rule, fees to apply for or renew guaranteed asset protection waiver administrator registrations, except that the fee for an initial application may not exceed $300.00, and the fee for renewal may not exceed $300.00. Renewal applications received after the expiration date are subject to a late fee of $100.00.

Title 10 M.R.S. §1500-H(6-A) authorizes the Superintendent to establish routine technical rules to move guaranteed asset protection waiver administrator registration 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 NMLS to process and maintain registration records, and authorizing the use of NMLS's uniform forms.

Title 10 M.R.S. §1500-H(6-A) provides, "In all cases, whether registration is through the nationwide mortgage licensing system and registry or otherwise, the Superintendent may establish, by rule, requirements for registration "¦."