|
| | | An Act To Amend the Debt Management Services Laws |
|
| | | Be it enacted by the People of the State of Maine as follows: |
|
| | | Sec. 1. 32 MRSA §6172, sub-§2, as enacted by PL 1999, c. 560, §3, is | | repealed and the following enacted in its place: |
|
| | | 2.__Debt management service.__"Debt management service" means: |
|
| | | A.__The receiving of money from a consumer for the purpose | | of distributing one or more payments to or among one or more | | creditors of the consumer in full or partial payment of the | | consumer's obligation; |
|
| | | B.__Arranging or assisting a consumer to arrange for the | | distribution of one or more payments to or among one or more | | creditors of the consumer in full or partial payment of the | | consumer's obligation; |
|
| | | C.__Exercising control, directly or indirectly, or arranging | | for the exercise of control over funds of a consumer for the | | purpose of distributing payments to or among one or more | | creditors of the consumer in full or partial payment of the | | consumer's obligation; or |
|
|
