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Bureau Adopts Revised Supervised Lender Rule
April 2, 2025
The Bureau has adopted Rule 711 (rev.), "Establishment of License and Renewal Fees and Application Requirements for Maine's Supervised Lenders and Requirement for Licensing of all Supervised Lenders Through the Nationwide Multistate Licensing System (NMLS)."
This rule amends financial documentation requirements for Supervised Lenders to obtain or renew a license. The rule clarifies that while audited financial statements are preferred, there are alternative ways to provide sufficient proof of financial responsibility for purposes of licensing.
Copies of the revised rule are available from the Maine Secretary of State at HERE.