| Be it enacted by the People of the State of Maine as follows: |
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| | Sec. 1. 9-A MRSA §10-102, sub-§1, ķA, as enacted by PL 1989, c. 70, §3, | is amended to read: |
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| A. "Credit services organization" means any person who, | with respect to the extension of consumer credit by others, | provides or offers to provide, in return for the separate | payment by the consumer of money or other valuable | consideration, any of the following services: |
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| (1) Improving a consumer's credit record, history or | rating; |
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| (2) Arranging for or obtaining an extension of credit | for a consumer; or |
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| (3) Providing advice or assistance to a consumer with | respect to subparagraph (1) or (2). |
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| | This bill amends the laws governing loan brokers, or credit | services organizations, to apply consumer protections to | transactions involving brokers who are paid by lenders or other | creditors to arrange credit transactions. |
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