LD 969
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LD 969 Title Page PUBLIC Law Chapter 462 Page 2 of 5
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LR 1647
Item 1

 
CHAPTER 462

 
S.P. 310 - L.D. 969

 
An Act To Ensure Equity in Mortgage Volume Fees

 
Emergency preamble. Whereas, Acts of the Legislature do not become
effective until 90 days after adjournment unless enacted as
emergencies; and

 
Whereas, the Committee to Study the Revenue Sources of the
Office of Consumer Credit Regulation is required to submit its
report to the Legislature in December 2003; and

 
Whereas, the committee must begin its meetings as soon as
possible in order to complete its work by December; and

 
Whereas, in the judgment of the Legislature, these facts create
an emergency within the meaning of the Constitution of Maine and
require the following legislation as immediately necessary for
the preservation of the public peace, health and safety; now,
therefore,

 
Be it enacted by the People of the State of Maine as follows:

 
Sec. 1. 9-A MRSA §6-203, sub-§2, as amended by PL 1993, c. 268, §1, is
further amended to read:

 
2. Persons required to file notification who are sellers,
lessors or lenders shall pay an additional fee, at the time and
in the manner stated in subsection 1, of $25 for each $100,000,


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