A licensee may conduct business only at or from a place of business for which the licensee holds a license and not under any other name than that on the license.

Sec. 6. 9-A MRSA §10-202, as amended by PL 1997, c. 727, Pt. B, §21, is further amended to read:

§10-202. Bond

Each application must be accompanied by evidence of a surety bond, in a form approved by the administrator in the aggregate amount of $10,000 $25,000, to run to the State for use by the State and any person or persons who may have a cause of action against a credit services organization loan broker. The terms of the bond must run concurrent with the period of time during which the license will be is in effect.

Sec. 7. 9-A MRSA §10-301, as amended by PL 1993, c. 495, §3, is further amended to read:

§10-301. Escrow of funds

Each credit services organization loan broker shall place fees from consumers, other than bona fide 3rd-party fees, in an escrow account separate from any operating accounts of the business, pending completion of services offered. With respect to credit services organizations loan brokers offering to arrange for or obtain extensions of credit for consumers, or provide advice or assistance therefor to arrange for or obtain extensions of credit, "completion of services offered" means procurement of credit under the terms agreed to by the parties.

Sec. 8. 9-A MRSA §10-302, first ¶, as enacted by PL 1989, c. 70, §3, is amended to read:

Each agreement between a consumer and a credit services organization shall loan broker must be in writing, dated, and signed by the consumer and shall must include the following:

Sec. 9. 9-A MRSA §10-302, sub-§2, as enacted by PL 1989, c. 70, §3, is amended to read:

2. The terms and conditions of payment, including the total of all payments to be made by the consumer for the service,