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Barbara Reid Alexander    (207)289-3731

SUPERINTENDENT   

Offices located at:

Harry W. Giddinge    Central Building

DEPUTY SUPERINTENDENT      Hallowell Annex

    Hallowell, Maine

Maine State Seal

 

DEPARTMENT OF BUSINESS REGULATION

BUREAU OF CONSUMER PROTECTION

STATE HOUSE STATION 35

AUGUSTA, MAINE 04333

 

ADVISORY RULING #43-A

AUGUST 25, 1980

 

(Repealed See - AR #52)

 

 

Amendment

 

 

  Because of the recent decision by Judge Wathen in Depositors Trust Company v. Bureau of Consumer Protection (Docket No. CV 80-48, July 24, 1980), the Bureau will amend Advisory Ruling #43 "Definition of Collection Costs" as follows:

 

 

(1)  That portion of the Advisory Ruling (See pp. 6, 7) that held that certain post-judgment levy costs in Title 14 are within the definition of "collection costs" in Section 2-507 of the Consumer Credit   Code is rescinded.

 

 

(2)  The decision did not address the costs imposed under 11 MRSA § 9-504 (costs associated with repos session and disposition of collateral) which are also prohibited from being passed on to the consumer by Advisory Ruling #43.  Therefore, that portion of Advisory Ruling #43 (pp. 4, 6) will remain in effect.

 

 

 

  /s/ BARBARA R. ALEXANDER

  Barbara R. Alexander

  Superintendent

 

BA:as