Statutes, codes, and regulations
Maine Administrative Code
Department 02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATIONDivision 030 - BUREAU OF CONSUMER CREDIT PROTECTION
Chapter 701 - ESTABLISHMENT OF REGISTRATION AND RENEWAL FEES FOR MAINE'S CHECK CASHER/CURRENCY EXCHANGER REGISTRATION AND REQUIREMENT FOR REGISTRATION THROUGH THE NATIONWIDE MULTI-STATE REGISTRATION SYSTEM (NMLS)
Section 030-701-II - PURPOSE

02-030-701 Me. Code R. § II

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Current through 2024-51, December 18, 2024
Section 030-701-II - PURPOSE

The purpose of this chapter is to permit the State of Maine to utilize NMLS for registration of all check casher/currency exchangers. Use of the system will provide improved oversight over the activities of the companies, will simplify recordkeeping, and will standardize processes for all check casher/currency exchangers registered in Maine. This chapter does not modify the standards for registration or the applicability of the provisions of the Maine Check Cashing and Foreign Currency Exchange Act, but rather sets forth the registration provisions to be used henceforth by the Bureau.

02-030 C.M.R. ch. 701, § II