reglab/housing_qa huggingface dataset:
9-A ME Rev Stat § 2-301 (2021)
2021 Maine Revised Statutes|TITLE 9-A: MAINE CONSUMER CREDIT CODE|Article 2: FINANCE CHARGES AND RELATED PROVISIONS|Part 3: CONSUMER LOANS: SUPERVISED LENDERS|9-A §2-301. Authority to make or service supervised loans

 §2-301. Authority to make or service supervised loans Unless a person is a supervised financial organization, a financial institution holding company as defined in Title 9‑B, section 1011, subsection 1 or a mutual holding company as defined in Title 9‑B, section 1052, subsection 2 or has first obtained a license pursuant to this Act from the administrator authorizing the person to make or service supervised loans, the person may not engage in the business of:   [PL 2017, c. 106, §4 (AMD).]1.  Making supervised loans;   [PL 2017, c. 106, §4 (AMD).] 2.  Taking assignments of and undertaking direct collection of payments from or enforcement of rights against debtors arising from supervised loans; or   [PL 2021, c. 245, Pt. A, §3 (AMD).] 3.  Servicing mortgage loans.   [PL 2017, c. 106, §4 (NEW).] SECTION HISTORY PL 1973, c. 762, §1 (NEW). PL 1975, c. 179, §1 (AMD). PL 1983, c. 212, §§3,4 (AMD). PL 1985, c. 763, §A24 (AMD). PL 1987, c. 129, §33 (AMD). PL 2017, c. 106, §4 (AMD). PL 2021, c. 245, Pt. A, §3 (AMD).
9-A ME Rev Stat § 2-303 (2021)
2021 Maine Revised Statutes|TITLE 9-A: MAINE CONSUMER CREDIT CODE|Article 2: FINANCE CHARGES AND RELATED PROVISIONS|Part 3: CONSUMER LOANS: SUPERVISED LENDERS|9-A §2-303. Revocation or suspension of license

 §2-303. Revocation or suspension of license 1.  The administrator may file a complaint with the District Court to suspend or revoke a license to make, originate or service supervised loans if the administrator finds reason to believe, after investigation or hearing, or both, that:   A. The licensee has violated this Act or any rule or order made pursuant to this Act; or   [PL 2011, c. 427, Pt. B, §7 (AMD).]B. Facts or conditions exist that would clearly have justified the administrator in refusing to grant a license had these facts or conditions been known to exist at the time the application for the license was made.   [PL 2011, c. 427, Pt. B, §7 (AMD).]An affirmative finding by the District Court of either cause is sufficient to suspend or revoke the license.   [PL 2017, c. 106, §6 (AMD).] 1-A.  The administrator may refuse to renew a license, after notice and opportunity for a hearing has been provided to the licensee, for any of the reasons set forth in subsection 1.   [PL 2011, c. 427, Pt. B, §7 (AMD).] 2.  No revocation or suspension of a license impairs or affects the obligation of any preexisting lawful contract between the licensee and any debtor.   [PL 2011, c. 427, Pt. B, §7 (AMD).] 3.  The administrator may reinstate a license, terminate a suspension or grant a new license to a person whose license has been revoked if no fact or condition then exists that clearly would have justified the administrator in refusing to grant a license.   [PL 2011, c. 427, Pt. B, §7 (AMD).] 4.  No revocation, suspension, annulment or withdrawal of a license is lawful unless, prior to the institution of proceedings by the administrator, the administrator gave notice by mail to the licensee of facts or conduct that warrant the intended action and the licensee was given an opportunity to show compliance with all lawful requirements for the retention of the license.   [PL 2011, c. 427, Pt. B, §7 (AMD).] SECTION HISTORY PL 1973, c. 762, §1 (NEW). PL 1975, c. 135, §§1,2 (AMD). PL 1977, c. 694, §§155-D (RPR). PL 1983, c. 720, §9 (AMD). PL 1985, c. 763, §A26 (AMD). PL 1999, c. 547, §B78 (AMD). PL 1999, c. 547, §B80 (AFF). PL 2005, c. 164, §6 (AMD). PL 2011, c. 427, Pt. B, §7 (AMD). PL 2017, c. 106, §6 (AMD).
9-A ME Rev Stat § 2-303-A (2021)
2021 Maine Revised Statutes|TITLE 9-A: MAINE CONSUMER CREDIT CODE|Article 2: FINANCE CHARGES AND RELATED PROVISIONS|Part 3: CONSUMER LOANS: SUPERVISED LENDERS|9-A §2-303-A. Temporary suspension of license

 §2-303-A. Temporary suspension of license Notwithstanding Title 5, sections 10003 and 10004 and Title 10, section 8003, if the public interest or the protection of borrowers so requires, the administrator may, by order, suspend a license to make or service supervised loans or a license as a mortgage loan originator or postpone the effective date of such a license. Upon entry of the order, the administrator shall promptly notify the applicant or licensee that an order has been entered, of the reasons for the order and that, within 15 days after the receipt of a written request by the applicant or licensee, the matter must be scheduled for hearing. Section 2‑303 applies to all subsequent proceedings.   [PL 2017, c. 106, §7 (AMD).]SECTION HISTORY PL 2001, c. 371, §4 (NEW). PL 2005, c. 164, §7 (AMD). PL 2011, c. 427, Pt. B, §8 (AMD). PL 2017, c. 106, §7 (AMD).
9-A ME Rev Stat § 2-304 (2021)
2021 Maine Revised Statutes|TITLE 9-A: MAINE CONSUMER CREDIT CODE|Article 2: FINANCE CHARGES AND RELATED PROVISIONS|Part 3: CONSUMER LOANS: SUPERVISED LENDERS|9-A §2-304. Records; annual and quarterly reports

 §2-304. Records; annual and quarterly reports 1.   [PL 1985, c. 336, §3 (RP).] 2.  The administrator may direct each licensee to file composite annual and quarterly reports relating to all supervised loans made, arranged or serviced by that licensee. Information contained in annual and quarterly reports is confidential and may be published only in composite form. The administrator may at any time require additional reports if the administrator determines such action necessary to the proper supervision of licensees.   [PL 2017, c. 106, §8 (AMD).] SECTION HISTORY PL 1973, c. 762, §1 (NEW). PL 1985, c. 336, §3 (AMD). PL 1985, c. 336, §4 (AMD). PL 2013, c. 466, §6 (AMD). PL 2017, c. 106, §8 (AMD).
9-A ME Rev Stat § 2-305 (2021)
2021 Maine Revised Statutes|TITLE 9-A: MAINE CONSUMER CREDIT CODE|Article 2: FINANCE CHARGES AND RELATED PROVISIONS|Part 3: CONSUMER LOANS: SUPERVISED LENDERS|9-A §2-305. Examinations and investigations (REPEALED)

 §2-305. Examinations and investigations (REPEALED)SECTION HISTORY PL 1973, c. 762, §1 (NEW). PL 1981, c. 235, §2 (AMD). PL 1987, c. 129, §36 (RP).
9-A ME Rev Stat § 2-306 (2021)
2021 Maine Revised Statutes|TITLE 9-A: MAINE CONSUMER CREDIT CODE|Article 2: FINANCE CHARGES AND RELATED PROVISIONS|Part 3: CONSUMER LOANS: SUPERVISED LENDERS|9-A §2-306. Application of administrative procedure (REPEALED)

 §2-306. Application of administrative procedure (REPEALED)SECTION HISTORY PL 1973, c. 762, §1 (NEW). PL 1985, c. 819, §A10 (RP).
9-A ME Rev Stat § 2-307 (2021)
2021 Maine Revised Statutes|TITLE 9-A: MAINE CONSUMER CREDIT CODE|Article 2: FINANCE CHARGES AND RELATED PROVISIONS|Part 3: CONSUMER LOANS: SUPERVISED LENDERS|9-A §2-307. Restrictions on interest in land as security

 §2-307. Restrictions on interest in land as security 1.  With respect to a supervised loan in which the annual percentage rate disclosed is greater than 18%, a lender may not contract for an interest in land as security. A security interest taken in violation of this section is void.   [PL 1973, c. 762, §1 (NEW).] 2.  With respect to a supervised loan in which the amount financed is $2,800 or less, a lender may not take a security interest in the principal residence of the consumer. This subsection does not apply when the lender holds a first mortgage on the residence at the time the loan is made or when the loan is made pursuant to an open-end credit plan involving a commitment to advance amounts in excess of $2,800. Notwithstanding Title 14, a judgment of foreclosure of a mortgage upon the principal residence of a consumer may not be entered on account of the consumer's failure to repay supervised loans under an open-end credit plan, unless the consumer's outstanding balance in the account at the end of the statement period has at some time exceeded $2,800 and the consumer has not paid the account in full subsequent to the date of the last periodic statement showing an outstanding balance in excess of $2,800.   [PL 2011, c. 427, Pt. D, §8 (AMD).] 3.   [PL 1997, c. 727, Pt. B, §7 (RP).] SECTION HISTORY PL 1973, c. 762, §1 (NEW). PL 1979, c. 660, §6 (AMD). PL 1981, c. 470, §A18 (AMD). PL 1985, c. 137, §§1,2 (AMD). PL 1985, c. 763, §§A27,28 (AMD). PL 1997, c. 727, §§B6,7 (AMD). PL 2011, c. 427, Pt. D, §8 (AMD).
9-A ME Rev Stat § 2-308 (2021)
2021 Maine Revised Statutes|TITLE 9-A: MAINE CONSUMER CREDIT CODE|Article 2: FINANCE CHARGES AND RELATED PROVISIONS|Part 3: CONSUMER LOANS: SUPERVISED LENDERS|9-A §2-308. Regular schedule of payments; maximum loan term

 §2-308. Regular schedule of payments; maximum loan term 1.  Except as provided in section 3‑308, supervised loans, not made pursuant to open-end credit and in which the amount financed is $1,000 or less and the principal of which is payable in more than a single payment, must be scheduled to be payable in substantially equal installments at equal periodic intervals except to the extent that the schedule of payments is adjusted to the seasonal or irregular income of the debtor and over a period of not more than 25 months.   A.   [PL 1985, c. 763, Pt. A, §29 (RP).]B.   [PL 1985, c. 763, Pt. A, §29 (RP).][PL 1997, c. 727, Pt. B, §8 (AMD).] 2.   [PL 1997, c. 727, Pt. B, §9 (RP).] 3.   [PL 1995, c. 614, Pt. A, §3 (RP).] SECTION HISTORY PL 1973, c. 762, §1 (NEW). PL 1975, c. 173, §1 (AMD). PL 1985, c. 113, §1 (AMD). PL 1985, c. 763, §§A29,30 (AMD). PL 1985, c. 819, §A11 (AMD). PL 1995, c. 614, §A3 (AMD). PL 1997, c. 727, §§B8,9 (AMD).
9-A ME Rev Stat § 2-309 (2021)
2021 Maine Revised Statutes|TITLE 9-A: MAINE CONSUMER CREDIT CODE|Article 2: FINANCE CHARGES AND RELATED PROVISIONS|Part 3: CONSUMER LOANS: SUPERVISED LENDERS|9-A §2-309. No other business for purpose of evasion

 §2-309. No other business for purpose of evasion A supervised lender may not carry on other business for the purpose of evasion or violation of this Act at a location where the supervised lender makes or services supervised loans.   [PL 2017, c. 106, §9 (AMD).]SECTION HISTORY PL 1973, c. 762, §1 (NEW). PL 2017, c. 106, §9 (AMD).
9-A ME Rev Stat § 2-310 (2021)
2021 Maine Revised Statutes|TITLE 9-A: MAINE CONSUMER CREDIT CODE|Article 2: FINANCE CHARGES AND RELATED PROVISIONS|Part 3: CONSUMER LOANS: SUPERVISED LENDERS|9-A §2-310. Servicing requirements of assigned supervised loans

 §2-310. Servicing requirements of assigned supervised loans No supervised loan secured by a mortgage on real estate may be assigned under this Article unless:   1.  The supervised lender making the loan retains servicing of the loan and either maintains a place of business in this State or maintains a toll-free telephone number or other free means of oral communication that is disclosed to mortgagors and staffed in the manner described in subsection 2; or   [PL 1987, c. 129, §37 (AMD).] 2.  The assignee or servicing agent retained to collect the loan maintains a toll-free telephone number, or other free means of oral communication, that is disclosed to mortgagors in each coupon book or on each periodic billing notice or statement of account and that is staffed during normal business hours for mortgagors to use to communicate with the assignee or servicing agent concerning the supervised loan.   [PL 1987, c. 129, §37 (AMD).] SECTION HISTORY PL 1983, c. 720, §10 (NEW). PL 1987, c. 129, §37 (AMD).
9-A ME Rev Stat § 2-504 (2021)
2021 Maine Revised Statutes|TITLE 9-A: MAINE CONSUMER CREDIT CODE|Article 2: FINANCE CHARGES AND RELATED PROVISIONS|Part 5: CONSUMER CREDIT TRANSACTIONS: OTHER CHARGES AND MODIFICATIONS|9-A §2-504. Finance charge on refinancing

 §2-504. Finance charge on refinancing With respect to a consumer credit transaction, except a consumer lease, the creditor by agreement with the consumer may refinance the unpaid balance and contract for and receive a finance charge based on the amount financed resulting from the refinancing at a rate not exceeding that permitted by the provisions on finance charge for consumer credit sales other than open-end credit, section 2‑201, if a consumer credit sale is refinanced, or for consumer loans, section 2‑401, if a consumer loan is refinanced. For the purpose of determining the finance charge permitted, the amount financed resulting from the refinancing is composed of the following:   [PL 1989, c. 457, §2 (RPR); PL 1989, c. 600, Pt. B, §§7, 8 (AFF).]1.  An amount equal to:   A. If the transaction was not precomputed, the total of the unpaid balance and the accrued charges, with the exception of any minimum charge, on the date of the refinancing; or   [PL 1987, c. 129, §48 (NEW).]B. If the transaction was precomputed, the amount which the consumer would have been required to pay upon prepayment pursuant to the provision on rebate upon prepayment, section 2‑510, on the date of refinancing, but for the purpose of computing this amount no minimum charge is permitted; and   [PL 1987, c. 129, §48 (NEW).][PL 1987, c. 129, §48 (RPR).] 2.  Appropriate additional charges, section 2‑501, payment of which is deferred.   [PL 1987, c. 129, §48 (RPR).] SECTION HISTORY PL 1973, c. 762, §1 (NEW). PL 1975, c. 173, §2 (AMD). PL 1979, c. 660, §§7,8 (AMD). PL 1981, c. 235, §3 (AMD). PL 1983, c. 77 (AMD). PL 1985, c. 316, §1 (AMD). PL 1985, c. 819, §A12 (AMD). PL 1987, c. 129, §48 (RPR). PL 1987, c. 129, §§49,50 (RPR). PL 1989, c. 457, §§2,8,9 (AMD). PL 1989, c. 600, §§B7,8 (AFF).
9-A ME Rev Stat § 2-505 (2021)
2021 Maine Revised Statutes|TITLE 9-A: MAINE CONSUMER CREDIT CODE|Article 2: FINANCE CHARGES AND RELATED PROVISIONS|Part 5: CONSUMER CREDIT TRANSACTIONS: OTHER CHARGES AND MODIFICATIONS|9-A §2-505. Finance charge on consolidation

 §2-505. Finance charge on consolidation 1.  If a consumer owes an unpaid balance to a creditor with respect to a consumer credit transaction and becomes obligated on another consumer credit transaction with the same creditor, the parties may agree to a consolidation resulting in a single schedule of payments. If the previous consumer credit transaction was not precomputed, the parties may agree to add the unpaid amount of the amount financed and accrued charges on the date of consolidation to the amount financed with respect to the subsequent consumer credit transaction. If the previous consumer credit transaction was precomputed, the parties may agree to refinance the unpaid balance pursuant to the provisions on refinancing, section 2‑504, and to consolidate the amount financed resulting from the refinancing by adding it to the amount financed with respect to the subsequent consumer credit transaction. In either case the creditor may contract for and receive a finance charge as provided in subsection 2 based on the aggregate amount financed resulting from the consolidation.   [PL 1973, c. 762, §1 (NEW).] 2.  If the debts consolidated arise exclusively from consumer credit sales, the transaction is a consolidation with respect to a consumer credit sale and the amount of the finance charge is governed by the provisions on finance charge for consumer credit sales other than open-end credit, section 2‑201. If the debts consolidated include a debt arising from a consumer loan, the transaction is a consolidation with respect to a consumer loan and the amount of the finance charge is governed by the provisions on finance charge for consumer loans, section 2‑401.   [PL 1987, c. 129, §51 (AMD).] 3.  If a consumer owes an unpaid balance to a creditor with respect to a consumer credit transaction arising out of a consumer credit sale, and becomes obligated on another consumer credit transaction arising out of another consumer credit sale by the same seller, the parties may agree to a consolidation resulting in a single schedule of payments either pursuant to subsection 1 or by adding together the unpaid balances with respect to the two sales, except where adding the unpaid balances together results in a decrease of the maturity of an earlier transaction.   [PL 1975, c. 181 (AMD).] 4.  Any consolidation under this section involving a supervised loan is subject to section 2‑308.   [PL 1973, c. 762, §1 (NEW).] 5.  This section does not apply to consumer leases or to successive transactions pursuant to an open-end credit arrangement.   [PL 1973, c. 762, §1 (NEW).] SECTION HISTORY PL 1973, c. 762, §1 (NEW). PL 1975, c. 181 (AMD). PL 1987, c. 129, §51 (AMD).
9-A ME Rev Stat § 2-506 (2021)
2021 Maine Revised Statutes|TITLE 9-A: MAINE CONSUMER CREDIT CODE|Article 2: FINANCE CHARGES AND RELATED PROVISIONS|Part 5: CONSUMER CREDIT TRANSACTIONS: OTHER CHARGES AND MODIFICATIONS|9-A §2-506. Advances to perform covenants of consumer

 §2-506. Advances to perform covenants of consumer 1.  If the agreement with respect to a consumer credit transaction contains covenants by the consumer to perform certain duties pertaining to insuring or preserving collateral and the creditor pursuant to the agreement pays for performance of the duties on behalf of the consumer, he may add the amounts paid to the debt. Within a reasonable time after advancing any sums, he shall state to the consumer in writing the amount of the sums advanced, any charges with respect to this amount, and any revised payment schedule and, if the duties of the consumer performed by the creditor pertain to insurance, a brief description of the insurance paid for by the creditor including the type and amount of coverages. No further information need be given.   [PL 1987, c. 129, §52 (AMD).] 2.  A finance charge may be made for sums advanced pursuant to subsection 1 at a rate not exceeding the rate stated to the consumer pursuant to law in a disclosure statement, except that with respect to open-end credit the amount of the advance may be added to the unpaid balance of the debt and the creditor may make a finance charge not exceeding that permitted by the appropriate provisions on finance charge for consumer credit sales pursuant to open-end credit, section 2‑202, or for consumer loans, section 2‑402, whichever is appropriate.   [PL 1987, c. 129, §53 (AMD).] 3.  This section does not apply to consumer leases.   [PL 1973, c. 762, §1 (NEW).] SECTION HISTORY PL 1973, c. 762, §1 (NEW). PL 1987, c. 129, §§52,53 (AMD).
9-A ME Rev Stat § 2-507 (2021)
2021 Maine Revised Statutes|TITLE 9-A: MAINE CONSUMER CREDIT CODE|Article 2: FINANCE CHARGES AND RELATED PROVISIONS|Part 5: CONSUMER CREDIT TRANSACTIONS: OTHER CHARGES AND MODIFICATIONS|9-A §2-507. Attorney's fees and collection costs

 §2-507. Attorney's fees and collection costs 1.  With respect to a consumer credit sale or lease, or a supervised loan, the agreement may not provide for the payment by the consumer of attorney's fees or any other collection cost. A provision in violation of this section is unenforceable.   [PL 1973, c. 762, §1 (NEW).] 2.  With respect to any other consumer credit transaction, the agreement may provide for the payment by the debtor of reasonable attorney's fees not in excess of 15% of the unpaid debt after default and referral to an attorney not a salaried employee of the creditor, but the agreement may not provide for the payment by the consumer of any other collection costs. A provision in violation of this subsection is unenforceable.   [PL 1973, c. 762, §1 (NEW).] 3.   [PL 1981, c. 618, §6 (RP).] SECTION HISTORY PL 1973, c. 762, §1 (NEW). PL 1981, c. 281, §2 (AMD). PL 1981, c. 618, §6 (AMD).
9-A ME Rev Stat § 2-508 (2021)
2021 Maine Revised Statutes|TITLE 9-A: MAINE CONSUMER CREDIT CODE|Article 2: FINANCE CHARGES AND RELATED PROVISIONS|Part 5: CONSUMER CREDIT TRANSACTIONS: OTHER CHARGES AND MODIFICATIONS|9-A §2-508. Conversion to open end credit

 §2-508. Conversion to open end credit The parties may agree to add the unpaid balance of a consumer credit transaction not made pursuant to open-end credit to the consumer's open-end credit account with the creditor. The unpaid balance so added is an amount equal to the amount financed determined according to the provisions on finance charge on refinancing, section 2‑504. This section does not apply to consumer leases.   [PL 1973, c. 762, §1 (NEW).]SECTION HISTORY PL 1973, c. 762, §1 (NEW).
9-A ME Rev Stat § 2-509 (2021)
2021 Maine Revised Statutes|TITLE 9-A: MAINE CONSUMER CREDIT CODE|Article 2: FINANCE CHARGES AND RELATED PROVISIONS|Part 5: CONSUMER CREDIT TRANSACTIONS: OTHER CHARGES AND MODIFICATIONS|9-A §2-509. Right to prepay

 §2-509. Right to prepay Subject to the provisions on rebate upon prepayment, section 2‑510, the consumer may prepay, in full or in part, the unpaid balance of a consumer credit transaction at any time without penalty, except for minimum charges as permitted by law. Notwithstanding any other provision of this Title, a reasonable charge may be assessed upon a consumer related to prepayment of a consumer loan made by a supervised financial organization and secured by an interest in land, other than a high-cost mortgage loan, as defined in the Federal Truth in Lending Act, 15 United States Code, Section 1601 et seq. if the charge is reasonably calculated to offset the cost of origination of the loan. The administrator shall adopt rules to implement this section. Rules adopted pursuant to this section are routine technical rules as defined in Title 5, chapter 375, subchapter 2-A.   [PL 2011, c. 427, Pt. D, §9 (AMD).]SECTION HISTORY PL 1973, c. 762, §1 (NEW). PL 2003, c. 263, §1 (AMD). PL 2007, c. 99, §1 (AMD). PL 2007, c. 273, Pt. C, §2 (AMD). PL 2009, c. 362, Pt. C, §1 (AMD). PL 2011, c. 427, Pt. D, §9 (AMD).
9-A ME Rev Stat § 2-601 (2021)
2021 Maine Revised Statutes|TITLE 9-A: MAINE CONSUMER CREDIT CODE|Article 2: FINANCE CHARGES AND RELATED PROVISIONS|Part 6: OTHER CREDIT TRANSACTIONS|9-A §2-601. Finance charge for other credit transactions

 §2-601. Finance charge for other credit transactions Except where otherwise provided by law with respect to a credit transaction other than a consumer credit transaction, the parties may contract for the payment by the debtor of any finance charge.   [PL 1973, c. 762, §1 (NEW).]SECTION HISTORY PL 1973, c. 762, §1 (NEW).
9-A ME Rev Stat § 2-701 (2021)
2021 Maine Revised Statutes|TITLE 9-A: MAINE CONSUMER CREDIT CODE|Article 2: FINANCE CHARGES AND RELATED PROVISIONS|Part 7: FRAUDULENT PRACTICES|9-A §2-701. Engaging in pretense to evade requirements of this Article prohibited

 §2-701. Engaging in pretense to evade requirements of this Article prohibited An entity covered by this Article may not engage in any device, subterfuge or pretense to evade the requirements of this Article, including, but not limited to, making a loan disguised as a personal property sale and leaseback transaction, disguising loan proceeds as a cash rebate for the pretextual installment sale of goods or services or making, offering, assisting or arranging a debtor to obtain a loan with a greater rate of interest, consideration or charge than is permitted by this Article through any method. A loan made in violation of this Part is void and uncollectible as to any principal, fee, interest or charge.   [PL 2021, c. 297, §1 (NEW).]SECTION HISTORY PL 2021, c. 297, §1 (NEW).