Proposed Rules

Commentary Period Open

Proposed Rule Ch. 709 (Rev.): License and Renewal Fees and Application Requirements for Maine’s Money Transmitter Licensing and Requirements for Licensing Through the Nationwide Multistate Licensing System (NMLS)

Comment Deadline: July 1, 2025

This rule amends Bureau Rule Chapter 709 as it pertains to reporting requirements for unhosted cryptocurrency wallets. The existing provisions have proven difficult or impossible for industry to comply with and new methods have been developed and are being implemented to address the concerns surrounding unhosted wallets.

Proposed Rule Ch. 709 (Rev.) (DOCX)

Contact Person:
Linda Conti, Superintendent
Bureau of Consumer Credit Protection
35 State House Station
Augusta, ME 04333
Linda.Conti@maine.gov
Phone: (207) 624-8527
Fax: (207) 582-7699
TTY Users Call Maine Relay 711

Proposed Rule Ch. 300 (Rev.): Collection Agencies: Application and Record Keeping Requirements

Comment Deadline: August 1, 2025

This rule repeals license application and renewal requirements for collection agencies in Chapter 300 superseded by requirements in Bureau Rule Chapter 705, clarifies surety coverage requirements for residential real estate property preservation provider and debt buyer licensees, and repeals the requirement that licensees receive pre-approval of form letters used in communicating with Maine debtors.

Proposed Rule Ch. 300 (Rev.) (DOCX)

Contact Person:
Steven Lemieux, Principal Examiner
Bureau of Consumer Credit Protection
35 State House Station
Augusta, ME 04333
Steven.Lemieux@maine.gov
Phone: (207) 624-8527
Fax: (207) 582-7699
TTY Users Call Maine Relay 711

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