reglab/statecodes huggingface dataset:
Code of Maine Rules › 02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION › 030 - BUREAU OF CONSUMER CREDIT PROTECTION › Chapter 703 - ESTABLISHMENT OF FEES AND APPLICATION REQUIREMENTS FOR MAINE'S EXCHANGE FACILITATOR LICENSING › Section 030-703-IV - GENERAL PROVISIONS

Current through 2024-29, July 17, 2024
1.
Licensing
				periods.
Previously, licenses were granted for a period which expired
				  on April 30th. Effective with this rule, licenses
				  are granted for a 1-year period commencing on January 1st and expiring on
				  December 31st.
2.
Exchange facilitators that hold a
				valid Maine license expiring on April 30, 2023.
a. Renewal licenses issued for licenses
				expiring on April 30, 2023 will be granted for the period May 1, 2023 through
				December 31, 2023. The renewal fee for the 2023 term shall be prorated to
				$135.00 for the main license location and $100.00 for each branch
				location.
b.
One-month
late
transitional period.
All renewal applications from
				existing licensees received between January 1, 2024 and January 31, 2024 will
				be processed, but applicants will be assessed a late fee of $100.00.
c.
Deadline.
Renewal
				applications will not be accepted after January 31, 2024. All applications
				received after that date will be considered new applications, subject to the
				provisions and fees set forth in subsection
				3 below.
Code of Maine Rules › 02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION › 030 - BUREAU OF CONSUMER CREDIT PROTECTION › Chapter 704 - ESTABLISHMENT OF REGISTRATION AND RENEWAL FEES FOR MAINE'S FAIR CREDIT REPORTING ACT LICENSING AND REQUIREMENT FOR REGISTRATION THROUGH THE NATIONWIDE MULTISTATE LICENSING SYSTEM (NMLS) › Section 030-704-I - AUTHORITY

Current through 2024-29, July 17, 2024
Pursuant to
				  10 M.R.S.
				  §1310-A(G), the
				  Administrator may establish, by rule, fees to apply for or renew consumer
				  reporting agency registrations, except that the fee for an initial application
				  may not exceed $1,200.00 and for a renewal may not exceed $1,000.00 for any
				  registered location. Renewal applications received after the registration
				  expiration date are subject to a late fee of $100.00.
Title
				  10 M.R.S.
				  §1310-A(G) authorizes
				  the Administrator to establish routine technical rules to move consumer
				  reporting agency licensing to the Nationwide Multistate Licensing System
				  (NMLS), including rules authorizing the NMLS to collect fees and remit those
				  fees to the Bureau; authorizing collection of fees by the NMLS for its
				  processing costs; authorizing the NMLS to process and maintain registration
				  records; and authorizing the use of NMLS uniform forms.
Title
				  10 M.R.S.
				  §1310-A(G) authorizes
				  the Administrator to establish routine technical rules to establish fees for
				  the initial and renewal licensing and application requirements for consumer
				  reporting agencies.
Code of Maine Rules › 02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION › 030 - BUREAU OF CONSUMER CREDIT PROTECTION › Chapter 704 - ESTABLISHMENT OF REGISTRATION AND RENEWAL FEES FOR MAINE'S FAIR CREDIT REPORTING ACT LICENSING AND REQUIREMENT FOR REGISTRATION THROUGH THE NATIONWIDE MULTISTATE LICENSING SYSTEM (NMLS) › Section 030-704-II - PURPOSE

Current through 2024-29, July 17, 2024
The purpose of this chapter is to permit the State of Maine
				  to use the NMLS for registration of all consumer reporting agencies. Use of the
				  system will provide improved oversight over the activities of the companies,
				  will simplify recordkeeping, and will standardize processes for all consumer
				  reporting agencies registered in Maine. This chapter does not modify the
				  standards for registration or the applicability of the provisions of the
Maine Fair Credit Reporting Act
, but rather sets forth the
				  licensing requirements to be utilized henceforth by the
				  Bureau.
Code of Maine Rules › 02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION › 030 - BUREAU OF CONSUMER CREDIT PROTECTION › Chapter 704 - ESTABLISHMENT OF REGISTRATION AND RENEWAL FEES FOR MAINE'S FAIR CREDIT REPORTING ACT LICENSING AND REQUIREMENT FOR REGISTRATION THROUGH THE NATIONWIDE MULTISTATE LICENSING SYSTEM (NMLS) › Section 030-704-III - DEFINITIONS

Current through 2024-29, July 17, 2024
For the purpose of this chapter, the following terms have the
				  following meanings
1. "Administrator"
				means the Superintendent of the Bureau of Consumer Credit Protection.
2. "Bureau" means the Maine Bureau of
				Consumer Credit Protection."
3.
				"Consumer reporting agency" means an entity as defined in
				10 M.R.S.
				§1308(3).
4. "Nationwide Multistate Licensing System,"
				herein referred to as "NMLS," means the nationwide multistate licensing system
				and registry for mortgage lender licensing and loan brokering referred to in
				9-A
				M.R.S. §13-102(8)
				(previously the "Nationwide Mortgage Licensing System").
Code of Maine Rules › 02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION › 030 - BUREAU OF CONSUMER CREDIT PROTECTION › Chapter 704 - ESTABLISHMENT OF REGISTRATION AND RENEWAL FEES FOR MAINE'S FAIR CREDIT REPORTING ACT LICENSING AND REQUIREMENT FOR REGISTRATION THROUGH THE NATIONWIDE MULTISTATE LICENSING SYSTEM (NMLS) › Section 030-704-IV - GENERAL PROVISIONS

Current through 2024-29, July 17, 2024
1.
Administrative authority granted to NMLS.
To effectuate the
				transition of all consumer reporting agency registration to NMLS, NMLS is
				authorized to collect fees and remit those fees to the Bureau; collect fees for
				its processing costs; process and maintain registration records; and require
				use of NMLS uniform electronic and paper forms.
2.
Registration periods.
Registrations for consumer reporting agencies are issued beginning January 1 of
				each calendar year and expire on December 31 of the calendar year in which
				issued.
3.
For consumer
				reporting agencies that hold a valid Maine registration for 2023
a.
Transitional period.
The
				period from November 1, 2023 through December 31, 2023 is considered a
				transitional period, during which all registered consumer reporting agencies
				will be required to transition from the State of Maine's registration system
				and obtain registrations through NMLS.
b.
One-month
late
transitional period.
All renewal applications to transition existing
				registrations to NMLS received between January 1, 2024 and January 31, 2024
				will be processed, but applicants will be assessed a late fee of
				$100.00.
c.
Deadline.
Renewal applications transitioning to the NMLS will not be accepted after
				January 31, 2024. All applications received after that date will be considered
				new applications, subject to the provisions and fees set forth in subsection
				4, below.
d.
NMLS processing fees.
At the
				time existing registrants apply to NMLS for a renewal registration, they must
				pay NMLS processing fee directly to NMLS.
e.
State of Maine renewal registration
				application fees
. The fee to renew a Maine consumer reporting agency
				registration is set at $100.00.
Code of Maine Rules › 02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION › 030 - BUREAU OF CONSUMER CREDIT PROTECTION › Chapter 705 - ESTABLISHMENT OF LICENSE AND RENEWAL FEES AND APPLICATION REQUIREMENTS FOR MAINE'S DEBT COLLECTOR LICENSING AND REQUIREMENT FOR LICENSING THROUGH THE NATIONWIDE MULTISTATE LICENSING SYSTEM (NMLS) › Section 030-705-I - AUTHORITY

Current through 2024-29, July 17, 2024
Pursuant to
				  32 M.R.S.
				  §11031(2), the
				  Administrator may establish, by rule, fees to apply for or renew debt collector
				  licenses, except that the fee for an initial application may not exceed $800.00
				  and for a renewal may not exceed $500.00 for any licensed location. Renewal
				  applications received after the expiration date are subject to a late fee of
				  $100.00.
Title
				  32 M.R.S.
				  §11031(2) authorizes
				  the Administrator to establish routine technical rules to move debt collector
				  licensing 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
				  the NMLS to process and maintain license records; and authorizing the use of
				  NMLS uniform forms.
Title
				  32 M.R.S.
				  §11031(2) authorizes
				  the Administrator to establish routine technical rules to establish fees for
				  the initial licensing and renewal licensing of debt collectors and to establish
				  licensing requirements.
Code of Maine Rules › 02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION › 030 - BUREAU OF CONSUMER CREDIT PROTECTION › Chapter 705 - ESTABLISHMENT OF LICENSE AND RENEWAL FEES AND APPLICATION REQUIREMENTS FOR MAINE'S DEBT COLLECTOR LICENSING AND REQUIREMENT FOR LICENSING THROUGH THE NATIONWIDE MULTISTATE LICENSING SYSTEM (NMLS) › Section 030-705-II - PURPOSE

Current through 2024-29, July 17, 2024
The purpose of this chapter is to permit the State of Maine
				  to use NMLS for licensing all debt collectors. Use of the system will provide
				  improved oversight over the activities of the companies, will simplify
				  recordkeeping, and will standardize processes for all debt collectors licensed
				  in Maine. This chapter does not modify the standards for licensing or the
				  applicability of the provisions of the
Maine Fair Debt Collection
				  Practices Act
, but rather sets forth the licensing requirements to be
				  utilized henceforth by the Bureau.
Code of Maine Rules › 02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION › 030 - BUREAU OF CONSUMER CREDIT PROTECTION › Chapter 705 - ESTABLISHMENT OF LICENSE AND RENEWAL FEES AND APPLICATION REQUIREMENTS FOR MAINE'S DEBT COLLECTOR LICENSING AND REQUIREMENT FOR LICENSING THROUGH THE NATIONWIDE MULTISTATE LICENSING SYSTEM (NMLS) › Section 030-705-III - DEFINITIONS

Current through 2024-29, July 17, 2024
For the purpose of this chapter, the following terms have the
				  following meanings.
1. "Administrator"
				means the Superintendent of the Bureau of Consumer Credit Protection.
2. "Bureau" means the Maine Bureau of
				Consumer Credit Protection.
3.
				"Consumer Report" means a report prepared by a "Consumer Reporting Agency" as
				defined at
				10 M.R.S.
				§1308(3).
4. "Controlling Interest" means an ownership
				interest of 25% or more in the applicant or an entity of which the applicant is
				a subsidiary.
5. "Debt Collector"
				has the meanings as set forth in
				32 M.R.S.
				§11002(5-A) and
				(6).
6. "Nationwide Multistate Licensing System,"
				herein referred to as "NMLS," means the nationwide multistate licensing system
				and registry for mortgage lender licensing and loan brokering referred to in
				9-A M.R.S. §
									13-102(8)
				(previously the "Nationwide Mortgage Licensing System").
Code of Maine Rules › 02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION › 030 - BUREAU OF CONSUMER CREDIT PROTECTION › Chapter 705 - ESTABLISHMENT OF LICENSE AND RENEWAL FEES AND APPLICATION REQUIREMENTS FOR MAINE'S DEBT COLLECTOR LICENSING AND REQUIREMENT FOR LICENSING THROUGH THE NATIONWIDE MULTISTATE LICENSING SYSTEM (NMLS) › Section 030-705-IV - GENERAL PROVISIONS

Current through 2024-29, July 17, 2024
1.
Administrative authority granted to NMLS.
To effectuate the
				transition of all debt collector licensing to NMLS, NMLS is authorized to
				collect fees and remit those fees to the Bureau, collect fees for its
				processing costs, process and maintain license records, and require use of NMLS
				uniform electronic and paper forms.
2.
Licensing periods
Previously, licenses for debt collectors were granted for a
				  two-year period and expired on July 31. Effective with this rule, licenses are
				  issued beginning January 1 and expire on December
				  31in of the year in which issued. The term of
				  licenses scheduled to expire on July 31, 2023 is extended to expire on December
				  31, 2023. Licensees with licenses scheduled to expire in years following 2023
				  shall be required to transition to NMLS by December 31, 2023 but shall receive
				  a credit of 1/4 of the current two-year license fee for each ½ year
				  remaining on its license against the current renewal fee.
3.
For debt collectors that hold a
				valid Maine license as of August 31, 2023
a.
Transitional period.
The
				period from November 1, 2023 through December 31, 2023 is considered a
				transitional period, during which all licensed debt collectors will have the
				obligation to transition from the State of Maine's licensing system and must
				obtain licenses through NMLS.
b.
One-month
late
transitional period.
All renewal
				applications to transition existing licensees to NMLS received between January
				1 and January 31 of a year in which transition is allowed will be processed,
				but applicants will be assessed a late fee of $100.00.
c.
Deadline.
Renewal
				applications transitioning to NMLS will not be accepted after January 31. All
				applications received after that date will be considered new applications,
				subject to the provisions and fees set forth in subsection
				4 below.
d.
NMLS processing fees.
At the
				time existing licensees apply to NMLS for a renewal license, they must pay NMLS
				processing fee directly to NMLS.
e.
State of Maine renewal license application fees
. Annual fees
				assessed to renewal applicants are as follows:
i. Debt Collector renewal fee:
				$400.00;
ii. Debt Collector branch
				office renewal fee: $200.00.
Code of Maine Rules › 02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION › 030 - BUREAU OF CONSUMER CREDIT PROTECTION › Chapter 706 - ESTABLISHMENT OF REGISTRATION AND RENEWAL FEES AND APPLICATION REQUIREMENTS FOR MAINE'S DEBT MANAGEMENT SERVICE PROVIDER REGISTRATION AND REQUIREMENT FOR REGISTRATION THROUGH THE NATIONWIDE MULTI-STATE LICENSING SYSTEM (NMLS) › Section 030-706-I - AUTHORITY

Current through 2024-29, July 17, 2024
Pursuant to
				  32 M.R.S.
				  §6173(2-B), the
				  Administrator may establish, by rule, fees to apply for or renew debt
				  management service provider registrations, except that the fee for an initial
				  application may not exceed $800.00 and for a renewal may not exceed $600.00 for
				  any registered location. Renewal applications received after the expiration
				  date are subject to a late fee of $100.00.
Title
				  32 M.R.S.
				  §6173(2-B) authorizes
				  the Administrator to establish routine technical rules to move debt management
				  service provider registration to the Nationwide Multi-state 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
				  32 M.R.S.
				  §6173(2-B) authorizes
				  the Administrator to establish routine technical rules to establish fees for
				  the initial registration and renewal registration and application requirements
				  for debt management service providers.
Code of Maine Rules › 02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION › 030 - BUREAU OF CONSUMER CREDIT PROTECTION › Chapter 706 - ESTABLISHMENT OF REGISTRATION AND RENEWAL FEES AND APPLICATION REQUIREMENTS FOR MAINE'S DEBT MANAGEMENT SERVICE PROVIDER REGISTRATION AND REQUIREMENT FOR REGISTRATION THROUGH THE NATIONWIDE MULTI-STATE LICENSING SYSTEM (NMLS) › Section 030-706-II - PURPOSE

Current through 2024-29, July 17, 2024
The purpose of this Chapter is to permit the State of Maine
				  to utilize NMLS for the registration of all debt management service providers.
				  Use of the system will provide improved oversight over the activities of the
				  companies, will simplify recordkeeping, and will standardize processes for all
				  debt management service providers registered in Maine. This Chapter sets out
				  the requirements for application for registration and registration and renewal
				  fees.
Code of Maine Rules › 02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION › 030 - BUREAU OF CONSUMER CREDIT PROTECTION › Chapter 706 - ESTABLISHMENT OF REGISTRATION AND RENEWAL FEES AND APPLICATION REQUIREMENTS FOR MAINE'S DEBT MANAGEMENT SERVICE PROVIDER REGISTRATION AND REQUIREMENT FOR REGISTRATION THROUGH THE NATIONWIDE MULTI-STATE LICENSING SYSTEM (NMLS) › Section 030-706-III - DEFINITIONS

Current through 2024-29, July 17, 2024
For the purpose of this Chapter, the following terms have the
				  following meanings:
1.
				"
Administrator
" means the Superintendent of the Bureau of Consumer
				Credit Protection.
2.
				"
Bureau
" means the Maine Bureau of Consumer Credit
				Protection.
3. "
Debt
				management service provider
" means an entity as defined in
				32 M.R.S.
				§6172(3) et seq.
4. "
Nationwide Multi-state
				Licensing System
," herein referred to as "NMLS," means the nationwide
				multi-state licensing system and registry for mortgage lender licensing and
				loan brokering referred to in
				9-A
				M.R.S. §13-102(8)
				(previously the "Nationwide Mortgage Licensing System").
Code of Maine Rules › 02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION › 030 - BUREAU OF CONSUMER CREDIT PROTECTION › Chapter 706 - ESTABLISHMENT OF REGISTRATION AND RENEWAL FEES AND APPLICATION REQUIREMENTS FOR MAINE'S DEBT MANAGEMENT SERVICE PROVIDER REGISTRATION AND REQUIREMENT FOR REGISTRATION THROUGH THE NATIONWIDE MULTI-STATE LICENSING SYSTEM (NMLS) › Section 030-706-IV - GENERAL PROVISIONS

Current through 2024-29, July 17, 2024
1.
Administrative authority granted to NMLS.
To effectuate the
				transition of all debt management service provider registrations to NMLS, NMLS
				is authorized to collect fees and remit those fees to the Bureau, collect fees
				for its processing costs, process and maintain registration records, and
				require use of NMLS uniform electronic and paper forms.
2.
Registration periods.
Registrations for debt management service providers are granted for a one-year
				period commencing January 1st and expiring on
				December 31st.
3.
Separate registration required.
A separate registration is required for each place of business from
				which the registrant performs debt management services.
4.
For debt management service
				providers that hold a valid Maine registration for 2023
a.
Transitional period.
The
				period from November 1, 2023 through December 31, 2023 is considered a
				transitional period, during which all registered debt management service
				providers will have the obligation to transition from the State of Maine's
				registration system and must obtain registrations through NMLS.
b.
One-month
late
transitional period.
All renewal applications to transition existing
				registrations to NMLS received between January 1, 2024 and January 31, 2024
				will be processed, but applicants will be assessed a late fee of $100.00.
c.
Deadline.
Renewal
				applications transitioning to NMLS will not be accepted after January 31, 2024.
				All applications received after that date will be considered new
				applications.
d.
NMLS
				processing fees.
At the time existing registrants apply to NMLS for a
				renewal registration, they must pay the NMLS processing fee directly to
				NMLS.
e.
State of Maine
				renewal registration application fees
. The fee to renew a debt
				management service provider registration is $250.00. The fee to renew a debt
				management service provider branch office registration is set at
				$250.00.
Code of Maine Rules › 02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION › 030 - BUREAU OF CONSUMER CREDIT PROTECTION › Chapter 707 - ESTABLISHMENT OF LICENSE AND RENEWAL FEES AND APPLICATION REQUIREMENTS FOR MAINE'S LOAN BROKER LICENSING AND REQUIREMENT FOR LICENSING THROUGH THE NATIONWIDE MULTISTATE LICENSING SYSTEM (NMLS) › Section 030-707-I - AUTHORITY

Current through 2024-29, July 17, 2024
Pursuant to
				  9-A
				  M.R.S. §10-201(4), the
				  Administrator may establish, by rule, fees to apply for or renew licenses,
				  except that the fee for an initial application may not exceed $1,000.00 and the
				  fee for a renewal may not exceed $600.00 for any licensed location. Renewal
				  applications received after the expiration date are subject to a late fee of
				  $100.00.
Title
				  9-A
				  M.R.S. §6-105 -A authorizes the
				  Administrator to establish routine technical rules to transition loan broker
				  licensing to the Nationwide Multi-state 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 license records; and authorizing the use of NMLS's
				  uniform forms.
Title
				  9-A
				  M.R.S. §10-201(4)
				  authorizes the Administrator to establish routine technical rules to establish
				  fees for the initial licensing and renewal licensing of supervised lenders and
				  for the establishment of licensing requirements.
Code of Maine Rules › 02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION › 030 - BUREAU OF CONSUMER CREDIT PROTECTION › Chapter 707 - ESTABLISHMENT OF LICENSE AND RENEWAL FEES AND APPLICATION REQUIREMENTS FOR MAINE'S LOAN BROKER LICENSING AND REQUIREMENT FOR LICENSING THROUGH THE NATIONWIDE MULTISTATE LICENSING SYSTEM (NMLS) › Section 030-707-II - PURPOSE

Current through 2024-29, July 17, 2024
The purpose of this Chapter is to permit the State of Maine
				  to utilize NMLS for the licensing of all loan brokers. Use of the system will
				  provide improved oversight over the activities of the companies, simplify
				  recordkeeping, and standardize processes for all loan brokers licensed in
				  Maine. This Chapter also establishes requirements for application for licensing
				  and sets fees for initial and renewal licensing.
Code of Maine Rules › 02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION › 030 - BUREAU OF CONSUMER CREDIT PROTECTION › Chapter 707 - ESTABLISHMENT OF LICENSE AND RENEWAL FEES AND APPLICATION REQUIREMENTS FOR MAINE'S LOAN BROKER LICENSING AND REQUIREMENT FOR LICENSING THROUGH THE NATIONWIDE MULTISTATE LICENSING SYSTEM (NMLS) › Section 030-707-III - DEFINITIONS

Current through 2024-29, July 17, 2024
For the purpose of this Chapter, the following terms have the
				  following meanings:
A. "Administrator"
				means the Superintendent of the Maine Bureau of Consumer Credit
				Protection.
B. "Bureau" means the
				Maine Bureau of Consumer Credit Protection.
C. "Change of control" means a change in the
				direct or indirect ownership of the licensee of 25% or more.
D. "Consumer Report" means any written, oral,
				or other communication of any information by a consumer reporting agency
				bearing on a consumer's credit worthiness, credit standing, credit capacity,
				character, general reputation, personal characteristics, or mode of living
				which is used or expected to be used or collected in whole or in part for the
				purpose of serving as a factor in establishing the consumer's eligibility for
				credit or insurance to be used primarily for personal, family, or household
				purposes; employment purposes; or in connection with a determination of an
				applicant's eligibility for a license or other benefit granted by a
				governmental instrumentality required by law to consider an applicant's
				financial responsibility or status.
E. "Controlling person"" means an individual,
				wherever located in the chain of ownership of the applicant, who controls more
				than 25% of the ownership interests in the applicant.
F. "Loan Broker" has the same meaning as set
				forth in 9-A M.R.S.
				§10-102(1).
G. "Nationwide Multistate Licensing System,"
				herein referred to as "NMLS," means the nationwide multi-state licensing system
				and registry for mortgage lender licensing and loan brokering referred to in
				9-A M.R.S. §§
									2-302 and
				10-201 (previously the
				"Nationwide Mortgage Licensing System").
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-I - AUTHORITY

Current through 2024-29, July 17, 2024
Pursuant to
				  9-A
				  M.R.S. §13-110, the Administrator may
				  establish, by rule or order, fees to apply for or renew licenses for mortgage
				  loan originators.
Title
				  9-A
				  M.R.S. §13-119 authorizes the Bureau to
				  establish routine, technical rules to establish fees for the initial licensing
				  and renewal licensing of mortgage loan originators.
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

Current through 2024-29, July 17, 2024
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.
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-III - DEFINITIONS

Current through 2024-29, July 17, 2024
For the purpose of this chapter, the following terms have the
				  following meanings
1. Administrator"
				means the Superintendent of the Bureau of Consumer Credit Protection.
2. "Bureau" means the Maine Bureau of
				Consumer Credit Protection.
3.
				"Mortgage loan originator" has the same meaning as set forth in
				9-A
				M.R.S.
				§13-102(7).
4. "Nationwide Multistate Licensing System,"
				herein referred to as "NMLS," means the nationwide multistate licensing system
				and registry for mortgage lender licensing and mortgage loan originating
				referred to in
				9-A
				M.R.S. §13-102(8)
				(previously the "Nationwide Mortgage Licensing System").
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-IV - GENERAL PROVISIONS

Current through 2024-29, July 17, 2024
1.
Administrative authority granted to NMLS.
NMLS is authorized to
				collect fees and remit those fees to the Bureau; collect fees for its
				processing costs; process and maintain license records; and require use of NMLS
				uniform electronic and paper forms.
2.
Licensing periods.
Licenses
				as a mortgage loan originator are issued commencing January 1 and expire
				December 31 of the year in which issued.
3.
License fees.
As of the
				effective date of this rule, the fees for an initial or renewal mortgage loan
				originator license are as follows:
a.
				Mortgage loan originator application fee: $80.00;
b. Renewal fee: $80.00.
At the time applicants apply to NMLS for a new or renewal
				  license, they must pay NMLS processing fee directly to NMLS.
Code of Maine Rules › 02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION › 030 - BUREAU OF CONSUMER CREDIT PROTECTION › Chapter 709 - ESTABLISHMENT OF LICENSE AND RENEWAL FEES AND APPLICATION REQUIREMENTS FOR MAINE'S MONEY TRANSMITTER LICENSING AND REQUIREMENT FOR LICENSING THROUGH THE NATIONWIDE MULTISTATE LICENSING SYSTEM (NMLS) › Section 030-709-I - AUTHORITY

Current through 2024-29, July 17, 2024
Pursuant to
				  32 M.R.S.
				  §6103(4)(B), the
				  Administrator may establish, by rule, fees to apply for or renew money
				  transmitter licenses, except that the fee for an initial application may not
				  exceed $1,200.00 and the fee for a renewal may not exceed $1,000,00 for any
				  licensed location. Renewal applications received after the license expiration
				  date are subject to a late fee of $100.00.
Title
				  32 M.R.S.
				  §6103(3) and (4)
				  authorize the Administrator to establish routine technical rules to move money
				  transmitter licensing 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 the NMLS for its processing costs;
				  authorizing NMLS to process and maintain license records; and authorizing the
				  use of NMLS uniform forms.
Title
				  32 M.R.S.
				  §6103(4) authorizes the
				  Administrator to establish routine technical rules to establish fees for the
				  initial licensing and renewal licensing of money transmitters and to establish
				  application requirements.
Code of Maine Rules › 02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION › 030 - BUREAU OF CONSUMER CREDIT PROTECTION › Chapter 709 - ESTABLISHMENT OF LICENSE AND RENEWAL FEES AND APPLICATION REQUIREMENTS FOR MAINE'S MONEY TRANSMITTER LICENSING AND REQUIREMENT FOR LICENSING THROUGH THE NATIONWIDE MULTISTATE LICENSING SYSTEM (NMLS) › Section 030-709-II - PURPOSE

Current through 2024-29, July 17, 2024
The purpose of this chapter is to permit the State of Maine
				  to use NMLS for licensing of all money transmitters. Use of the system will
				  provide improved oversight over the activities of the companies and will
				  simplify recordkeeping and standardize processes for all money transmitters
				  licensed in Maine. This chapter does not modify the standards for licensing or
				  the applicability of the provisions of the
Maine Money Transmitters
				  Act
, but rather sets forth the licensing requirements to be utilized
				  henceforth by the Bureau.
Code of Maine Rules › 02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION › 030 - BUREAU OF CONSUMER CREDIT PROTECTION › Chapter 709 - ESTABLISHMENT OF LICENSE AND RENEWAL FEES AND APPLICATION REQUIREMENTS FOR MAINE'S MONEY TRANSMITTER LICENSING AND REQUIREMENT FOR LICENSING THROUGH THE NATIONWIDE MULTISTATE LICENSING SYSTEM (NMLS) › Section 030-709-III - DEFINITIONS

Current through 2024-29, July 17, 2024
For the purpose of this chapter, the following terms have the
				  following meanings.
1.
"Administrator"
means the Superintendent of the Bureau of Consumer
				Credit Protection.
2.
"Authorized delegate"
means an entity as defined in
				32 M.R.S.
				§6102(3).
3. "
Bureau
" means the Maine
				Bureau of Consumer Credit Protection.
4. "
Controlling Interest"
means
				an ownership interest of 25% or more in the applicant or an entity of which the
				applicant is a subsidiary.
5.
"Money transmitter"
means an entity required to be licensed to
				perform money transmission under
				32 M.R.S.
				§6103.
6.
"Nationwide Multistate Licensing
				System,"
herein referred to as "NMLS," means the nationwide multi-state
				licensing system and registry for mortgage lender licensing and loan brokering
				referred to in
				9-A
				M.R.S. §13-102(8)
				(previously the "Nationwide Mortgage Licensing System").
Code of Maine Rules › 02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION › 030 - BUREAU OF CONSUMER CREDIT PROTECTION › Chapter 709 - ESTABLISHMENT OF LICENSE AND RENEWAL FEES AND APPLICATION REQUIREMENTS FOR MAINE'S MONEY TRANSMITTER LICENSING AND REQUIREMENT FOR LICENSING THROUGH THE NATIONWIDE MULTISTATE LICENSING SYSTEM (NMLS) › Section 030-709-IV - GENERAL PROVISIONS

Current through 2024-29, July 17, 2024
1.
Administrative authority granted to NMLS.
To effectuate the
				transition of all money transmitter licensing to NMLS, NMLS is authorized to
				collect fees and remit those fees to the Bureau; collect fees for its
				processing costs; process and maintain license records; and require use of NMLS
				uniform electronic and paper forms.
2.
Licensing periods.
Licenses
				for money transmitters are issued commencing January 1 each year and expire on
				December 31 of the year in which issued.
3.
For money transmitters that hold a
				valid Maine license for 2023 not licensed through NMLS
a.
Transitional period.
The
				period from November 1, 2023 through December 31, 2023 is considered a
				transitional period, during which all licensed money transmitters not licensed
				through NMLS will have the opportunity to transition from the State of Maine's
				licensing system. They must obtain licenses through NMLS, if wishing to remain
				licensed.
b.
One-month
late
transitional period.
All renewal applications to
				transition existing licensees to NMLS received between January 1, 2024 and
				January 31, 2024 will be processed, but applicants will be assessed a late fee
				of $100.00.
c.
Deadline.
Renewal applications transitioning to NMLS will not be
				accepted after January 31, 2024. All applications received after that date will
				be considered new applications, subject to the provisions and fees set forth in
				subsection
				4 below.
d.
NMLS processing fees.
At the
				time existing licensees apply to NMLS for a renewal license, they must pay the
				NMLS processing fee directly to NMLS.
e.
State of Maine renewal license
				application fees
. The fee to renew a money transmitter license is set at
				$250.00.
Code of Maine Rules › 02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION › 030 - BUREAU OF CONSUMER CREDIT PROTECTION › Chapter 710 - ESTABLISHMENT OF LICENSE AND RENEWAL FEES AND APPLICATION REQUIREMENTS FOR MAINE'S PAYROLL PROCESSOR LICENSING AND REQUIREMENT FOR LICENSING THROUGH THE NATIONWIDE MULTISTATE LICENSING SYSTEM (NMLS) › Section 030-710-I - AUTHORITY

Current through 2024-29, July 17, 2024
Pursuant to
				  10 M.R.S.
				  §1495-D(1-A), the
				  Administrator may establish, by rule, fees to apply for or renew licenses,
				  except that the fee for an initial application may not exceed $1,200.00, and
				  the fee for a renewal may not exceed $1,200.00 for any licensed location.
				  Renewal applications received after the license expiration date are subject to
				  a late fee of $100.00.
Title
				  10 M.R.S.
				  §1495-D(1-A) authorizes
				  the Administrator to establish routine, technical rules to establish licensing
				  requirements, transition payroll processor licensing to the Nationwide
				  Multistate Licensing System (NMLS), including rules authorizing the NMLS to
				  collect fees and remit those fees to the Bureau; authorizing collection of fees
				  by the NMLS for its processing costs; authorizing the NMLS to process and
				  maintain license records; and authorizing the use of NMLS uniform
				  forms.
Code of Maine Rules › 02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION › 030 - BUREAU OF CONSUMER CREDIT PROTECTION › Chapter 710 - ESTABLISHMENT OF LICENSE AND RENEWAL FEES AND APPLICATION REQUIREMENTS FOR MAINE'S PAYROLL PROCESSOR LICENSING AND REQUIREMENT FOR LICENSING THROUGH THE NATIONWIDE MULTISTATE LICENSING SYSTEM (NMLS) › Section 030-710-II - PURPOSE

Current through 2024-29, July 17, 2024
The purpose of this Chapter is to permit the State of Maine
				  to use the NMLS for licensing of all payroll processors. Use of the system will
				  provide improved oversight over the activities of the licensed companies and
				  will simplify recordkeeping and standardize processes for all payroll
				  processors licensed in Maine. This Chapter does not modify the standards for
				  licensing or the applicability of the provisions of the Maine Payroll Processor
				  Act, but rather sets forth the licensing provisions to be utilized henceforth
				  by the Bureau.
Code of Maine Rules › 02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION › 030 - BUREAU OF CONSUMER CREDIT PROTECTION › Chapter 710 - ESTABLISHMENT OF LICENSE AND RENEWAL FEES AND APPLICATION REQUIREMENTS FOR MAINE'S PAYROLL PROCESSOR LICENSING AND REQUIREMENT FOR LICENSING THROUGH THE NATIONWIDE MULTISTATE LICENSING SYSTEM (NMLS) › Section 030-710-III - DEFINITIONS

Current through 2024-29, July 17, 2024
For the purpose of this Chapter, the following terms have the
				  following meanings
1. "Administrator"
				means the Superintendent of the Bureau of Consumer Credit Protection.
2. "Bureau" means the Maine Bureau of
				Consumer Credit Protection.
3.
				"Nationwide Multistate Licensing System," herein referred to as "NMLS," means
				the nationwide multi-state licensing system and registry for mortgage lender
				licensing and loan brokering referred to in
				9-A
				M.R.S. §13-102(8)
				(previously the "Nationwide Mortgage Licensing System").
4. "Payroll processor" has the same meaning
				as set forth in
				10 M.R.S.
				§1495(3).
Code of Maine Rules › 02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION › 030 - BUREAU OF CONSUMER CREDIT PROTECTION › Chapter 710 - ESTABLISHMENT OF LICENSE AND RENEWAL FEES AND APPLICATION REQUIREMENTS FOR MAINE'S PAYROLL PROCESSOR LICENSING AND REQUIREMENT FOR LICENSING THROUGH THE NATIONWIDE MULTISTATE LICENSING SYSTEM (NMLS) › Section 030-710-IV - GENERAL PROVISIONS

Current through 2024-29, July 17, 2024
1.
Administrative authority granted to NMLS.
To effectuate the
				transition of all payroll processor licensing to NMLS, NMLS is authorized to
				collect fees and remit those fees to the Bureau, collect fees for its
				processing costs, process and maintain license records, and require use of NMLS
				uniform electronic and paper forms.
2.
Licensing periods.
Payroll processor.
Previously, licenses for
				  payroll processors were granted for a 1-year period and expired on January 31.
				  Effective beginning January 1, 2024, licenses are granted for a one-year period
				  commencing on January 1 and expiring on December
				  31st.
3.
Payroll processors that hold a valid
				Maine license as of September 30, 2023.
a.
Transitional period.
The
				period from November 1, 2023 through December 31, 2023 is considered a
				transitional period, during which all currently licensed payroll processors
				will have the obligation to transition from the State of Maine's licensing
				system and must obtain licenses through NMLS.
b.
One-month
late
transitional period.
All renewal applications from existing licensees
				received between January 1, 2024 and January 31, 2024 will be processed, but
				applicants will be assessed a late fee equal of $100.00.
c.
Deadline.
Renewal
				applications for calendar year 2024 will not be accepted after January 31,
				2024. All renewal applications received after that date will be considered new
				applications.
d.
NMLS
				processing fees.
At the time existing licensees apply to NMLS for a
				renewal license, they must pay NMLS processing fee directly to NMLS.
e.
State of Maine renewal license
				application fees
. Fees for yearly renewals commencing January 1, 2024
				are as follows:
i. For a limited and
				full-service payroll processor having fewer than 25 employers as clients:
				$300.00
ii. For a limited and
				full-service payroll processor having from 25 to 500 employers as clients:
				$600.00
iii. For a limited and
				full-service payroll processor having more than 500 employers as clients:
				$900.00
iv. For a restricted
				payroll processor: $200.00
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-I - AUTHORITY

Current through 2024-29, July 17, 2024
Pursuant to
				  9-A
				  M.R.S. §2-302(1), the
				  Administrator may establish, by rule, fees to apply for or renew licenses,
				  except that the fee for an initial application may not exceed $1,000.00 and for
				  a renewal may not exceed $600.00 for any licensed location. Renewal
				  applications received after the expiration date are subject to a late fee of
				  $100.00. Fees for a nonprofit organization exempt from taxation under the
				  United States Internal Revenue Code, Section
				  501(c)(3) and
				  engaged in the financing of housing for low-income people under a program
				  designed specifically for that purpose may not exceed $150.00 for an initial
				  application. The fee is $100.00 per year for a renewal for any licensed
				  location, plus the applicable nationwide mortgage licensing system and registry
				  processing fee.
Title
				  9-A
				  M.R.S. §6-105 -A authorizes the Bureau
				  to establish routine technical rules to transition supervised lender licensing
				  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 license records, and authorizing the use of NMLS's
				  uniform forms.
Title
				  9-A
				  M.R.S. §2-302(1)(A)
				  authorizes the Bureau to establish routine technical rules to establish fees
				  for the initial licensing and renewal licensing of supervised lenders and to
				  set requirements for information to be provide in support of such
				  application.
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

Current through 2024-29, July 17, 2024
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.
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-III - DEFINITIONS

Current through 2024-29, July 17, 2024
For the purpose of this Chapter, the following terms have the
				  following meanings:
1. "Administrator"
				means the Superintendent of the Bureau of Consumer Credit Protection.
2. "Bureau" means the Maine Bureau of
				Consumer Credit Protection.
3.
				"Change of control" means a change in the direct or indirect ownership of the
				licensee of 25% or more.
4.
				"Nationwide Multistate Licensing System," herein referred to as "NMLS," means
				the nationwide multistate licensing system and registry for mortgage lender
				licensing and loan brokering referred to in
				9-A
				M.R.S. §13-102(8)
				(previously the "Nationwide Mortgage Licensing System").
5. "Nonprofit organization" means an
				organization exempt from taxation under the United States Internal Revenue
				Code, Section
				501(c)(3) and
				engaged in the financing of housing for low-income people under a program
				designed specifically for that purpose.
6. "Controlling person" means an individual,
				wherever located in the chain of ownership of the applicant, who controls more
				than 25% of the ownership interests in the applicant.
7. "Supervised financial organization" has
				the same meaning as set forth in
				9-A
				M.R.S.
				§1-301(38-A).
8. "Supervised lender" has the same meaning
				as set forth in
				9-A
				M.R.S. §1-301(39), but
				for purposes of this Chapter, "supervised lender" does not include "supervised
				financial organizations."
Code of Maine Rules › 02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION › 030 - BUREAU OF CONSUMER CREDIT PROTECTION › Chapter 712 - ESTABLISHMENT OF LICENSE AND RENEWAL FEES AND APPLICATION REQUIREMENTS FOR MAINE'S FORECLOSURE PURCHASER LICENSING › Section 030-712-I - AUTHORITY

Current through 2024-29, July 17, 2024
Pursuant to
				  32 M.R.S.
				  §6193, the Administrator may establish,
				  by rule, fees to apply for or renew licenses, except that the fee for an
				  initial application may not exceed $1,000.00, and the fee for a renewal may not
				  exceed $600.00 for any licensed location. Renewal applications received after
				  the expiration date are subject to a late fee of $100.00
Title
				  32 M.R.S.
				  §6193 authorizes the Administrator to
				  establish routine technical rules to establish fees for the initial licensing
				  and renewal licensing of foreclosure purchasers and to establish requirements
				  for information and documentation to be submitted in support of a license
				  application.
Code of Maine Rules › 02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION › 030 - BUREAU OF CONSUMER CREDIT PROTECTION › Chapter 712 - ESTABLISHMENT OF LICENSE AND RENEWAL FEES AND APPLICATION REQUIREMENTS FOR MAINE'S FORECLOSURE PURCHASER LICENSING › Section 030-712-II - PURPOSE

Current through 2024-29, July 17, 2024
The purpose of this Chapter is to establish requirements for
				  information and documentation to be submitted by applicants for a license and
				  to set fees for new and renewal license applications.
Code of Maine Rules › 02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION › 030 - BUREAU OF CONSUMER CREDIT PROTECTION › Chapter 712 - ESTABLISHMENT OF LICENSE AND RENEWAL FEES AND APPLICATION REQUIREMENTS FOR MAINE'S FORECLOSURE PURCHASER LICENSING › Section 030-712-III - DEFINITIONS

Current through 2024-29, July 17, 2024
For the purpose of this Chapter, the following terms have the
				  following meanings:
1. "Administrator"
				means the Superintendent of the Bureau of Consumer Credit Protection.
2. "Bureau" means the Maine Bureau of
				Consumer Credit Protection.
3.
				"Consumer Report" means any written, oral, or other communication of any
				information by a consumer reporting agency bearing on a consumer's credit
				worthiness, credit standing, credit capacity, character, general reputation,
				personal characteristics, or mode of living which is used or expected to be
				used or collected in whole or in part for the purpose of serving as a factor in
				establishing the consumer's eligibility for credit or insurance to be used
				primarily for personal, family, or household purposes; employment purposes; or
				in connection with a determination of an applicant's eligibility for a license
				or other benefit granted by a governmental instrumentality required by law to
				consider an applicant's financial responsibility or status.
4. "Controlling person" means an individual,
				wherever located in the chain of ownership of the applicant, who controls more
				than 25% of the ownership interests in the applicant.
5. "Foreclosure purchaser" has the same
				meaning as set forth in
				32 M.R.S.
				§6192(5).