Me. Stat. tit. 9-A § 2-301

Current through 131st (2023-2024) Legislature Chapter 684

Section 2-301 - Authority to make or service supervised loans

Unless a person is a supervised financial organization, a financial institution holding company as defined in Title 9-B, section 1011, subsection 1 or a mutual holding company as defined in Title 9-B, section 1052, subsection 2 or has first obtained a license pursuant to this Act from the administrator authorizing the person to make or service supervised loans, the person may not engage in the business of: [2017, c. 106, §4(AMD).]

1. Making supervised loans;

[2017, c. 106, §4(AMD).]

2. Taking assignments of and undertaking direct collection of payments from or enforcement of rights against debtors arising from supervised loans; or

[2021, c. 245, Pt. A, §3(AMD).]

3. Servicing mortgage loans.

[2017, c. 106, §4(NEW).]

9-A M.R.S. § 2-301

Amended by 2021SP1, c. 245,§ A-3, eff. 10/18/2021.

Amended by 2017, c. 106,§ 4, eff. 11/1/2017.

1973, c. 762, § 1 (NEW) . 1975, c. 179, § 1 (AMD) . 1983, c. 212, §§3,4 (AMD) . 1985, c. 763, §A24 (AMD) . 1987, c. 129, § 33 (AMD) .