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25,400 statutes · page 1254 of 1270
United States — Maine legislation
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Certain creditors, creditor officers or employees, and other persons who knowingly violate the Act, or aid or abet a violation, may be fined up to $2,500 per offense, imprisoned up to 6 months, or both.
This Article shall be known and may be cited as the "Maine Consumer Credit Code -- Administration." [PL 1973, c. 762, §1 (NEW).]
This Part applies to people in this State who make or solicit consumer credit transactions, or who directly collect payments from or enforce rights against consumers arising from those transactions.
There is created and established the Bureau of Consumer Credit Protection within the Department of Professional and Financial Regulation. The Superintendent of Consumer Credit Protection is the head of the Bureau of Consumer Credit
The administrator may take specified enforcement, education, rulemaking, filing, and reporting actions, and must submit an annual report and publish certain rules and decisions for public inspection.
The administrator may set rules for Maine’s participation in a multistate automated licensing system and may require credit/background checks for certain license applicants.
For supervised financial organizations, the Superintendent of Financial Institutions must exercise the administrator’s powers and designate an employee to handle related Maine Consumer Credit Code responsibilities.
1. The administrator may, at any time, but not more frequently than once every 3 months, conduct an examination or make an investigation of any person the administrator believes has engaged in conduct governed by this Act. For these
Administrative actions taken by the administrator under this Article or the supervised lenders part may be handled under Part 4 on Administrative Procedure and Judicial Review, except as otherwise provided.
1. After notice and hearing, the administrator may order any person to cease and desist from engaging in violations of this Act or any lawful regulation issued by the administrator and may further order that the person take appropriate
The administrator may accept a written assurance that a person will not repeat the same or similar conduct.
The administrator, through the Attorney General, may sue to stop violations of this Act.
The administrator may seek a civil injunction to stop a creditor or its agent from using unconscionable or fraudulent conduct in consumer credit transactions or debt collection.
The administrator, through the Attorney General, may ask the court for temporary relief in certain enforcement actions, and the court may grant temporary relief or a restraining order if there is reasonable cause to believe the respondent is engaging in or likely to engage in the restrained conduct.
1. After demand, the administrator, through the Attorney General, may bring a civil action against a creditor for any violation listed in section 5‑201 or for a violation of Article 8‑A. An action may relate to transactions with more than
The administrator’s powers in this Article do not affect consumer remedies under this Act or other legal or equitable principles.
The administrator may bring actions or proceedings through the Attorney General in a county or division tied to the underlying act or to where the respondent lives or does business.
Records of the Bureau of Consumer Credit Protection are confidential, except when they become part of a judicial proceeding or administrative hearing record.
The administrator may hire or contract outside agency personnel and enter cooperative agreements with other agencies, and confidential information received under this section must stay confidential unless the furnishing agency authorizes disclosure.
This Part applies to certain people involved in consumer credit transactions and related debt collection or enforcement activities.
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