by Eric J. Ellman | Sep 7, 2025
In 2025, Maine tightened its mortgage trigger law. States with mortgage trigger laws: Arkansas (Act 263 (2025) amending §§ 23-39-502(26), 27, 513(18). Connecticut Idaho (Ch. 87 (2025) enacting § 26-31-211A. Kansas Kentucky Maine Rhode Island Texas Utah (amending §...
by Eric J. Ellman | Dec 19, 2023
In December 2023, the U.S. Chamber sent a letter to the chairs of the Joint Standing Judiciary Committee of the Maine House of Representatives in opposition to L.D. 1973 and L.D. 1977.
by Eric J. Ellman | Apr 7, 2023
In April 2023, CDIA filed a comment with the Maine Bureau of Consumer Credit Protection. The comment addressed the revised proposed rulemaking on the establishment of a registration system for CRAs through the Nationwide Multistate Licensing System (NMLS). The comment...
by Eric J. Ellman | Oct 1, 2022
There are four states that require CRAs or credit bureaus to register with the state. No state requires CRAs or credit bureaus to obtain a license. Maine. Under Maine law, “[t]he administrator, within the limits provided by law, may… Request registration and annual...
by Eric J. Ellman | Sep 9, 2022
In September 2022, CDIA filed a comment to the Maine Department of Professional and Financial Regulation (PFR). In that state, the Bureau of Consumer Credit Protection issued a proposed agency rule Chapter 704. The proposal would create a new provision, 02.030.704, to...
