Sec. 1. 9-A MRSA §1-201, sub-§1, ¶B, as amended by PL 1987, c. 129, §4, is further amended to read:

B. The creditor, wherever located, induces the consumer who is a resident of this State to enter into the transaction or open-end credit plan by face-to-face, mail or, telephone or electronic mail solicitation in this State.

Sec. 2. 9-A MRSA §1-301, sub-§38-A, ¶B, as enacted by PL 1997, c. 66, §3, is amended to read:

B. A person, other than an insurance company or other organization primarily engaged in an insurance business, that is subject to the supervision by an official or agency of a state or of the United States and is:

(1) Organized, chartered or holding an authorization certificate under the laws of a state or of the United States that authorize authorizes the person both to make loans and to receive deposits, including a savings, share, certificate or deposit account; and or

(2) Subject to supervision by an official or agency of a state or of the United States. A nondepository trust company, uninsured bank or merchant bank organized, chartered or holding an authorization certificate under the laws of a state or of the United States that authorizes the limited-purpose financial institution to make loans.

Sec. 3. 9-A MRSA §2-303-A is enacted to read:

§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 supervised loans 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.

Sec. 4. 9-A MRSA §6-201, as amended by PL 1997, c. 727, Pt. B, §20, is further amended to read: