9-A §13-112. Enforcement authorities, violations and penalties
§13-112. Enforcement authorities, violations and penalties 1. Enforcement. In order to ensure the effective supervision and enforcement of this Article, the administrator may, pursuant to this Title and the Maine Administrative Procedure Act: A. Deny, suspend, revoke, condition or decline to renew a license for a violation of this Article or rules issued under […]
9-A §13-113. Surety bond or minimum net worth requirements
§13-113. Surety bond or minimum net worth requirements Mortgage loan originators must comply with either subsection 1 or subsection 2. [PL 2009, c. 362, Pt. B, §1 (NEW).] 1. Surety bond. Unless in compliance with subsection 2, a mortgage loan originator must be covered by a surety bond in accordance with this subsection. […]
9-A §13-114. Confidentiality
§13-114. Confidentiality 1. Protections. Notwithstanding any provision of law to the contrary and except as otherwise provided in federal Public Law 110-289, Section 1512, the requirements under any federal or state law regarding the privacy or confidentiality of any information or material provided to the nationwide mortgage licensing system and registry and any privilege arising […]
9-A §13-115. Investigation and examination authority
§13-115. Investigation and examination authority In addition to any authority allowed under this Article, the administrator may conduct an investigation and examination as follows. [PL 2009, c. 362, Pt. B, §1 (NEW).] 1. Authority to access information. For purposes of initial licensing, license renewal, license suspension, license conditioning, license revocation or termination or general […]
9-A §13-116. Prohibited acts and practices
§13-116. Prohibited acts and practices It is a violation of this Article for an individual or a person subject to this Article to: [PL 2009, c. 362, Pt. B, §1 (NEW).] 1. Defraud; mislead. Directly or indirectly employ any scheme, device or artifice to defraud or mislead borrowers or lenders or to defraud a […]
9-A §13-117. Report to nationwide mortgage licensing system and registry
§13-117. Report to nationwide mortgage licensing system and registry The administrator shall regularly report violations of this Article, as well as enforcement actions and other relevant information, to the nationwide mortgage licensing system and registry. [PL 2009, c. 362, Pt. B, §1 (NEW).] SECTION HISTORY PL 2009, c. 362, Pt. B, §1 (NEW).
9-A §13-118. Unique identifier shown
§13-118. Unique identifier shown The unique identifier of any person originating a residential mortgage loan must be clearly shown on all residential mortgage loan application forms, solicitations or advertisements, including business cards or publicly accessible websites and any other documents as established by rule or order of the administrator. [PL 2009, c. 362, Pt. […]
9-A §13-119. Rulemaking
§13-119. Rulemaking Rules adopted pursuant to this Article are routine technical rules as defined in Title 5, chapter 375, subchapter 2‑A. [PL 2009, c. 362, Pt. B, §1 (NEW).] SECTION HISTORY PL 2009, c. 362, Pt. B, §1 (NEW).
9-A §13-120. Effective date
§13-120. Effective date This Article takes effect January 1, 2011. [PL 2009, c. 497, §1 (AMD).] SECTION HISTORY PL 2009, c. 362, Pt. B, §1 (NEW). PL 2009, c. 497, §1 (AMD).
9-A §13-110. Authority to require license
§13-110. Authority to require license In addition to any other duties imposed upon the administrator by law, the administrator shall require mortgage loan originators to be licensed and registered through the nationwide mortgage licensing system and registry. In order to carry out this requirement, the administrator is authorized to participate in the nationwide mortgage licensing […]