02-030 C.M.R. ch. 190, § 2 - PURPOSE
The purpose of this Rule is to establish standards for addressing violations of Articles I through VI of the Maine Consumer Credit Code and Article VIII, its Truth-in-Lending provisions. Maine must have an enforcement policy at least as strict as that required by the Federal Truth-in-Lending Act in order to maintain a delegation of enforcement authority from the Federal Reserve Board pursuant to Section 123 of the Federal Truth-in-Lending Act.
Notes
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