United States — Maine Act or statute

United States — Maine legislation

Maine Revised Statutes, Title 17, § 701: Business prohibited, 1999

Budget planning for a consumer is prohibited, except for the listed exceptions.

budget planning servicesconsumer servicesprofessional exemptions

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01

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“Budget planning for a consumer is prohibited, except for the listed exceptions.”

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    Enacted 1999 · Source version 1 Oct 2025. The date shown identifies this source expression and should not be treated as proof that no later change exists.

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Business prohibited

Budget planning for a consumer is prohibited, except for the listed exceptions.

Section 701

04

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Source record from legislature.maine.gov · Enacted 1999 · Source version 1 Oct 2025

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Provision
§ 701Business prohibitedProvision

Budget planning for a consumer is prohibited, except for the listed exceptions.

1. Budget planning prohibited. Except as provided in subsection 2, a person, firm, association or corporation may not engage in the business of budget planning on behalf of a consumer. [PL 1999, c. 560, §1 (NEW).] 2. Exceptions. This chapter does not apply to: A. A person admitted to the practice of law in this State as of the effective date of this section, except to the extent that budget planning or debt management services constitute the exclusive activity of that attorney; [PL 1999, c. 560, §1 (NEW).] B. A supervised financial organization as defined in Title 9‑A, section 1‑301, subsection 38‑A; [PL 1999, c. 560, §1 (NEW).] C. A supervised lender as defined in Title 9‑A, section 1‑301, subsection 39; or [PL 1999, c. 560, §1 (NEW).] D. Any organization that is registered with the State as a debt management service provider under Title 32, chapter 80‑A. [PL 1999, c. 560, §1 (NEW).] [PL 1999, c. 560, §1 (NEW).]
Section 701Verify source

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  • 1 Oct 2025 · currentEnglish

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