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-II - PURPOSE

The purpose of this Chapter is to permit the State of Maine to use NMLS for registration of all guaranteed asset protection waiver administrators. Use of the system will provide improved oversight over the activities of the entities and will simplify recordkeeping and standardize processes for all guaranteed asset protection waiver administrators registered in Maine. This Chapter does not modify the standards for registration or the applicability of the provisions of the Maine Guaranteed Asset Protection Waivers Act, 10 M.R.S. §1500-H, but rather sets forth the registration requirements to be utilized henceforth by the Bureau.