The purpose of this chapter is to permit the State of Maine to use NMLS for licensing all debt collectors. Use of the system will provide improved oversight over the activities of the companies, will simplify recordkeeping, and will standardize processes for all debt collectors licensed in Maine. This chapter does not modify the standards for licensing or the applicability of the provisions of the Maine Fair Debt Collection Practices Act, but rather sets forth the licensing requirements to be utilized henceforth by the Bureau.
02-030 C.M.R. ch. 705, § II