| This bill makes various technical corrections and amendments |
| to consumer credit and collection law. It amends the Maine |
| Consumer Credit Code to clarify legislative intent that only |
| retail credit card plans, not all open-end agreements, are |
| deregulated with respect to interest rates; and to increase the |
| consumer protection bond for supervised lenders from $25,000 to |
| $50,000. Further, the bill amends the Fair Credit Reporting Act |
| to correct and clarify the text of a statutory provision and |
| amends a subsection headnote. Finally, the bill amends the Maine |
| Fair Debt Collection Practices Act to correct a statutory |
| reference and to provide for the licensing of branch offices of |
| collection agencies. |
