C.M.R. 02, 030, ch. 500 - CONTINUING EDUCATION REQUIREMENTS FOR INDIVIDUALS REGISTERED AS LOAN OFFICERS, OR LICENSED AS SUPERVISED LENDERS OR LOAN BROKERS

  1. § 030-500-I - AUTHORITY
  2. § 030-500-II - PURPOSE
  3. § 030-500-III - DEFINITIONS
  4. § 030-500-IV - APPLICABILITY
  5. § 030-500-V - EDUCATIONAL REQUIREMENTS
  6. § 030-500-VI - CERTIFICATION; EDUCATION AND TESTING PROVIDERS
  7. § 030-500-VII - COSTS
  8. § 030-500-VIII - REQUIRED COURSES AND EXAMINATIONS
  9. § 030-500-IX - RECIPROCITY
  10. § 030-500-X - COURSE FORMAT AND INSTRUCTIONAL MEDIUM
  11. § 030-500-XI - VERIFICATION/PROOF OF EMPLOYEE EDUCATION
  12. § 030-500-XII - PENALTIES
  13. § 030-500-XIII - SUSPENSION OF RULE'S PROVISIONS
  14. Attachment - ATTACHMENT A
  15. Attachment - ATTACHMENT B

SUMMARY

Pursuant to 9-A M.R.S.A. §6-104(1)(E), the Office of Consumer Credit Regulation ("the OCCR") is authorized to adopt rules to carry out specific provisions of the Maine Consumer Credit Code, 9-AM.R.S.A. §§1 - 101 through 11 - 122. Title 9-A M.R.S.A. §§2 - 302(7), 10 - 201 and 10 - 305 grant the OCCR specific authority to regulate activities of supervised lenders, loan brokers and loan officers, including establishment of educational requirements for individuals licensed as supervised lenders or loan brokers, or registered as loan officers. By this new Chapter 500 of its Rules, the OCCR establishes such educational requirements, setting forth minimum hours for education, suggested course content and conditions for reciprocity.

Notes

C.M.R. 02, 030, ch. 500
EFFECTIVE DATE:
February 10, 2007 - filing 2007-39

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