Maine Amends State Licensing Laws and Information Required of Debt Buyers

gavelMaine Gov. Paul LePage signed two pieces of legislation that update the state’s Fair Debt Collections Practices Act Feb. 6.

Recently enacted L.D. 1663 broadens the scope of debt collectors that may need to obtain a debt collection license in two ways. First, the measure removes the licensing condition that a debt must be incurred by a Maine resident to a “creditor in this State.”

The new law requires a debt collector (whether located in Maine or another state) to be licensed in Maine before collecting a debt incurred by a Maine consumer to any creditor, regardless of whether the creditor is located in Maine.

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