02-030 C.M.R. ch. 705, § I - AUTHORITY

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.

Notes

02-030 C.M.R. ch. 705, § I