| This bill repeals the Maine Revised Statutes, Title 10, |
section 1320, subsection 2-B. Public Law 1999, chapter 184 was |
L.D. 1434, "An Act to Make Minor Corrections to the Laws |
Governing Financial Regulation and Debt Collection," which was |
unanimously supported by the Joint Standing Committee on Banking |
and Insurance. Legislative Document 1434 was submitted by the |
Office of Consumer Credit Regulation and made several |
corrections. It amended Title 10, section 1320, subsection 2-B |
to correct the headnote and to insert the actual date for the |
reference to the "effective date of this subsection." The |
headnote read, "Consumer request for consumer report"; L.D. 1434 |
changed the headnote to read "User request for consumer report." |
Public Law 1999, chapter 150, was L.D. 1608, "An Act to Conform |
Maine's Consumer Credit Laws to Federal Law and Make Other |
Changes," which was proposed by banks and supported by the Office |
of Consumer Credit Regulation, and unanimously supported by the |
Joint Standing Committee on Banking and Insurance. It repealed |
subsection 2-B because it required a notice to a consumer that is |
not required under federal law. Chapters 150 and 184 create a |
conflict. The bill corrects the conflict by repealing subsection |
2-B with reference to both chapters. |