CHAPTER 206

H.P. 980 - L.D. 1416

An Act To Amend the Maine Consumer Credit Code

Be it enacted by the People of the State of Maine as follows:

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 a consumer credit transaction if that person, in advertising or soliciting or otherwise communicating with a consumer, asserts to be located in this State or to possess a 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