Home → Consumer Credit Home Page → Laws and Rules → Proposed Rules
Proposed Rules
The Bureau does not currently have any proposed rules posted.
Previously Proposed Rules
Bureau Rule Ch. 110 - BUREAU ORGANIZATION, ADMINSTRATION, AND PROCEDURE
This rule repeals and replaces the existing Chapter 110 pertaining to the organization of the Bureau of Consumer Credit Protection and the Bureau’s maintenance of records, response to consumer complaints, issuance of advisory rulings, and conduct of adjudicatory proceedings with respect to matters governed by the Maine Consumer Credit Code. It extends application of the rule to matters regulated by the Bureau pursuant to regulatory authority outside the Code. It adds new provisions regarding the use of criminal history record information in adjudicatory proceedings.
Download a copy of the proposed rule HERE (DOCX).
The comment period for this proposed rule is closed.
Bureau Rule Ch. 710 (Revised) - 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)
This rule repeals and replaces current Chapter 710 to clarify the requirements for the types of records that can be used by an applicant for licensure as a payroll processor to show its financial condition. The rule is intended to make clear that evidence of financial condition must be submitted and that audited financial statements, although preferred, are not the only documents that may be used as evidence of financial condition. The rule also enlarges the period of transition to the Nationwide Multistate Licensing System (NMLS) for payroll processors and modifies certain requirements for licensure.
Download a copy of the proposed rule HERE (DOCX).
The comment period for this proposed rule is closed.