Sec. 1. 9-A MRSA §1-201, sub-§10 is enacted to read:

10.__Notwithstanding any other provision of law, this Act applies to any person offering, arranging or purporting to offer or arrange consumer credit transactions if that person claims to be located in this State or claims to possess a Maine license or registration issued pursuant to this Act.

Sec. 2. 9-A MRSA §6-201, as amended by PL 2001, c. 371, §5, is further amended to read:

§6-201. Applicability

This Part applies to a person engaged in this State in entering into consumer credit transactions and to a person having an office or place of business in this State who takes assignments of and or undertakes direct collection of payments from or enforcement of rights against debtors arising from these transactions. In addition, this Part applies to a person, wherever located, who takes assignments of and or undertakes direct collection of payments from or enforcement of rights against debtors arising from a consumer credit sale of a motor vehicle transaction subject to this Title. This Part also applies to a person, other than a supervised financial organization, wherever located, who takes assignments of and or undertakes direct collection of payments from or enforcement of rights against debtors arising from a consumer credit transaction subject to Article IX 9.

Sec. 3. 9-A MRSA §§9-305-A and 9-305-B are enacted to read:

§9-305-A.__Timely payments from escrow

A creditor, assignee or servicer that holds or controls funds of a consumer in an escrow account for the payment of taxes or insurance premiums shall make timely payments from that escrow account for a consumer credit transaction secured by a mortgage on real estate.__A creditor, assignee or servicer is liable to the consumer for actual damages resulting from failure to make timely payments from that escrow account.__The creditor, assignee or servicer shall also rectify the results of a failure to make timely payments, including causing corrections of the consumer's credit report and causing the discharge of any liens against the consumer's real estate.

§9-305-B.__Timely responses to requests for payoff figures