§2-303-A. Temporary suspension of license
Notwithstanding Title 5, sections 10003 and 10004 and Title 10, section 8003, if the public interest or the protection of borrowers so requires, the administrator may, by order, suspend a license to make or service supervised loans or a license as a mortgage loan originator or postpone the effective date of such a license. Upon entry of the order, the administrator shall promptly notify the applicant or licensee that an order has been entered, of the reasons for the order and that, within 15 days after the receipt of a written request by the applicant or licensee, the matter must be scheduled for hearing. Section 2‑303 applies to all subsequent proceedings. [PL 2017, c. 106, §7 (AMD).]
SECTION HISTORY
PL 2001, c. 371, §4 (NEW). PL 2005, c. 164, §7 (AMD). PL 2011, c. 427, Pt. B, §8 (AMD). PL 2017, c. 106, §7 (AMD).
Structure Maine Revised Statutes
TITLE 9-A: MAINE CONSUMER CREDIT CODE
Article 2: FINANCE CHARGES AND RELATED PROVISIONS
Part 3: CONSUMER LOANS: SUPERVISED LENDERS
9-A §2-301. Authority to make or service supervised loans
9-A §2-302. License to make or service supervised loans
9-A §2-303. Revocation or suspension of license
9-A §2-303-A. Temporary suspension of license
9-A §2-304. Records; annual and quarterly reports
9-A §2-305. Examinations and investigations (REPEALED)
9-A §2-306. Application of administrative procedure (REPEALED)
9-A §2-307. Restrictions on interest in land as security
9-A §2-308. Regular schedule of payments; maximum loan term
9-A §2-309. No other business for purpose of evasion
9-A §2-310. Servicing requirements of assigned supervised loans