Maine Statutes
§ 32 §6174 — Bond required
Each application must be accompanied by evidence of a surety bond in a form approved by the administrator in the aggregate amount of $50,000 to run to the administrator for use by the administrator and any person or persons who may have a cause of action against a debt management service provider. The terms of the bond must run concurrently with the period of time during which the registration is in effect.
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Maine § 32 §6174 (Bond required) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
PL 1999, c. 560, §3 (NEW).
Nearby Sections
15
§ 32 §61
Requirement for license§ 32 §6100
Report of condition§ 32 §6100-A
Audited financials§ 32 §6100-AA
Consent agreements§ 32 §6100-B
Authorized delegate reporting§ 32 §6100-BB
Criminal penalties§ 32 §6100-C
Reports of certain events§ 32 §6100-CC
Civil penalties§ 32 §6100-D
Bank Secrecy Act reports§ 32 §6100-DD
Unlicensed persons§ 32 §6100-E
Records§ 32 §6100-HH
Uniformity of application and construction§ 32 §6100-I
Unauthorized activities