Maine § 32 §6179 Prohibited acts

Maine Statutes

§ 32 §6179 — Prohibited acts

Maine § 32 §6179

Title 32PROFESSIONS AND OCCUPATIONS

Ch. 80-ADEBT MANAGEMENT SERVICES

This text of Maine § 32 §6179 (Prohibited acts) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Me. Rev. Stat. tit. 32, § 32 §6179 (2026).

Text

A debt management service provider may not:

1.Purchase debt. Purchase any debt or obligation of a consumer;

2.Lend money. Lend money or provide credit to any consumer;

3.Mortgage interest . Obtain a mortgage or other security interest in property of a consumer;

4.Debt collector. Operate as a debt collector in this State, as defined in section 11002, subsection 6; or

5.Negative amortization. Structure an agreement for the consumer that, at the conclusion of the projected term for the consumer's participation in the debt management service agreement, would result in negative amortization of any of the consumer's obligations to creditors.

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A debt management service provider may not:
1.
Purchase debt.
Purchase any debt or obligation of a consumer;
2.
Lend money.
Lend money or provide credit to any consumer;
3.
Mortgage interest
. Obtain a mortgage or other security interest in property of a consumer;
4.
Debt collector.
Operate as a debt collector in this State, as defined in section 11002, subsection 6; or
5.
Negative amortization.
Structure an agreement for the consumer that, at the conclusion of the projected term for the consumer's participation in the debt management service agreement, would result in negative amortization of any of the consumer's obligations to creditors.