Proposed Rules

Establishment of License and Renewal Fees and Application Requirements for Maine’s Payroll Processor Licensing and Requirement for Licensing Through the Nationwide Multistate Licensing System (NMLS)

This proposed rule repeals and replaces current Chapter 710 to clarify the requirements for the types of records that can be used by an applicant for licensure as a payroll processor to show its financial condition. The rule is intended to make clear that evidence of financial condition must be submitted and that audited financial statements, although preferred, are not the only documents that may be used as evidence of financial condition. The rule also extends the period of transition to NMLS for payroll processors and modifies certain requirements for licensure. CLICK HERE (DOCX) to view the proposed rule.

Date, time and location of Public Hearing:

10:00 AM, Thursday, April 25, 2024
Central Conference Room
Department of Professional and Financial Regulation
76 Northern Avenue
Gardiner, ME 04345


Persons submitting comments on the proposed rule or seeking paper copies of the proposed rule may direct their comments or requests to:

Linda Conti, Superintendent
Bureau of Consumer Credit Protection
35 State House Station
Augusta, ME 04333-0035
Telephone: (207) 624-8527
Fax: (207) 582-7699
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