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MAINE STATUTES AND CODES
32 §6174. Bond required
Title 32: PROFESSIONS AND OCCUPATIONS
Chapter 80-A: DEBT MANAGEMENT SERVICES HEADING: PL 1999, C. 560, §3 (NEW); 2007, C. 36, §12 (AMD)
§6174. Bond required
Each application must be accompanied by evidence of a surety bond in a form approved by the administrator in the aggregate amount of $50,000 to run to the administrator for use by the administrator and any person or persons who may have a cause of action against a debt management service provider. The terms of the bond must run concurrently with the period of time during which the registration is in effect. [1999, c. 560, §3 (NEW).]
SECTION HISTORY
1999, c. 560, §3 (NEW).