02-030-707 Me. Code R. § I

Current through 2024-51, December 18, 2024
Section 030-707-I - AUTHORITY

Pursuant to 9-A M.R.S. §10-201(4), the Administrator may establish, by rule, fees to apply for or renew licenses, except that the fee for an initial application may not exceed $1,000.00 and the fee for a renewal may not exceed $600.00 for any licensed location. Renewal applications received after the expiration date are subject to a late fee of $100.00.

Title 9-A M.R.S. §6-105 -A authorizes the Administrator to establish routine technical rules to transition loan broker licensing to the Nationwide Multi-state 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 NMLS to process and maintain license records; and authorizing the use of NMLS's uniform forms.

Title 9-A M.R.S. §10-201(4) authorizes the Administrator to establish routine technical rules to establish fees for the initial licensing and renewal licensing of supervised lenders and for the establishment of licensing requirements.

02-030 C.M.R. ch. 707, § I