LD 686
pg. 4
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LR 654
Item 1

 
(9) A person paid by a supervised lender or a consumer
to document a loan, attend or conduct a loan closing,
disburse loan proceeds or record or file loan
documents;

 
(10) A person who performs marketing services for a
creditor, such as a telemarketer, an advertising agency
or a mailing house, when the person is not compensated
by the consumer for those services;

 
(11) A seller of consumer goods or services that
provides services described in paragraph A,
subparagraph (1), (2) or (3) in connection with a sale
or proposed sale of consumer goods or services by that
seller when the seller is not compensated by a consumer
for those services; or

 
(12) An employee of a seller of consumer goods or
services that provides services described in paragraph
A, subparagraph (1), (2) or (3) in connection with a
sale or proposed sale of consumer goods or services by
that seller when the employee or seller is not
compensated by a consumer for those services.

 
For the purposes of this paragraph, "affiliate" has the same
meaning as defined in Title 9-B, section 131, subsection 1-
A.

 
Sec. 5. 9-A MRSA §10-201, as amended by PL 1993, c. 495, §2, is
further amended to read:

 
§10-201. Licensing and biennial relicensing

 
A person desiring to engage or continue in business in this
State as a credit services organization loan broker shall apply
to the administrator for registration a license under this
article on or before January 31st of each even-numbered year.
The application must be in a form prescribed by the
administrator. The administrator may refuse the application if
it contains erroneous or incomplete information. A registration
license may not be issued unless the administrator, upon
investigation, finds that the financial responsibility, character
and fitness of the applicant, and where applicable, its partners,
officers or directors, warrant belief that the business will be
operated honestly and fairly within the purposes of this Title.
The administrator may adopt rules requiring that applicants,
applicants' partners, officers or directors and employees of
applicants satisfy initial and continuing educational
requirements.__The reasonable costs of meeting such educational
requirements are assessed to applicants.__Rules adopted pursuant
to this section are routine technical rules pursuant to Title 5,
chapter 375, subchapter 2-A.


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