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Maine.gov > PFR Home > Enforcement Actions & Consent Agreements Index > Dover Mortgage Placement Company — Order Terminating License for Failure to Timely Renew

STATE OF MAINE

BUREAU OF CONSUMER CREDIT PROTECTION

Docket # 2010-TERM

 

In Re:

Dover Mortgage Placement Company
Order Terminating License for Failure to Timely Renew
 
 

1) On August 2, 2010, the Maine Bureau of Consumer Credit Protection (the Bureau) mailed a Supervised Lender license renewal form to the above-named lender, to the address provided by the lender and contained in the Bureau’s files.

2) That renewal form indicated that the Bureau must receive the completed renewal form within the statutorily-established time frame in order for the lender to continue its Supervised Lending activities for the forthcoming 2010-2012 biennial licensing period. Pursuant to the Maine Consumer Credit Code, the completed license renewal form was due in the Bureau’s offices by September 30, 2010.

3) The above-named lender did not respond within the statutory time period.

4) On October 19, 2010, the Bureau sent the above-named lender a second renewal form along with a letter, specifically notifying the lender that its renewal application had not been received in a timely manner by the Bureau.

5) To date, the Bureau has not received the lender’s completed license renewal application.

NOW THEREFORE, the Supervised Lender license of the above-named lender, and its ability to conduct lending and/or loan brokering activities with respect to Maine consumers, is hereby terminated, effective October 1, 2010.

NOTICE OF APPEAL Any party aggrieved by this decision may appeal to the Superior Court pursuant to 9-A MRSA 6-108 (1) and 5 MRSA 1001 et seq., as applicable, within 30 days of receipt of this decision. Any other person aggrieved shall have 40 days from the date the decision was rendered to petition for review.

 

BY ORDER OF THE SUPERINTENDENT OF THE BUREAU OF CONSUMER CREDIT PROTECTION.

 

 

Dated at Augusta, Maine, this 15th day of November, 2010.

 

 

/s/Julie Stolt, Examiner-in-Charge
Julie Stolt, Examiner-in-Charge