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| | | An Act To Implement the Recommendations of the Committee To |
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| | | Study the Revenue Sources of the Office of Consumer Credit |
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| | | Be it enacted by the People of the State of Maine as follows: |
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| | | Sec. 1. 9-A MRSA §6-203, sub-§3-B, as enacted by PL 1993, c. 268, §2, | | is repealed and the following enacted in its place: |
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| | | 3-B.__Notwithstanding subsections 2 and 3, lenders regulated | | by the Office of Consumer Credit Regulation who are supervised | | lenders making loans secured by an interest in land shall pay a | | volume fee on the original unpaid balances arising from consumer | | credit transactions entered into in this State during the | | previous calendar year of: |
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| | | A.__Fifteen dollars for each $100,000, or part thereof, if | | the fund balance of the Office of Consumer Credit Regulation | | as of October 1st of the previous calendar year exceeds 125% | | of the office's current annual budget; or |
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| | | B.__Twenty dollars for each $100,000, or part thereof, if | | the fund balance of the Office of Consumer Credit Regulation | | as of October 1st of the previous calendar year does not | | exceed 125% of the office's current annual budget. |
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| | | Sec. 2. 9-A MRSA §6-203, sub-§3-C is enacted to read: |
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