ME Clarifies Reporting Obligations for Supervised Lenders

Overview

The Maine Bureau of Consumer Credit Protection has issued guidance clarifying annual reporting requirements for supervised lenders under the Maine Consumer Credit Code, including which companies must submit reports, what data must be reported, and when supplemental reporting is required (due by 2/14). The guidance applies to calendar year 2025 activity and reflects a new process tied to NMLS Mortgage Call Report (MCR) data.

Who Must Submit an Annual Report

All Maine licensed supervised lenders are subject to the annual notification and reporting requirement, including:

• Lenders funding consumer credit transactions in Maine
• Companies engaged in mortgage lending, non-mortgage lending, or both
• Lenders with Maine loan volume below or above $5 million

Importantly, companies that do not fund mortgage loans or that have non-mortgage consumer lending activity remain fully subject to Maine reporting obligations, even if their activity is not captured in the NMLS Mortgage Call Report.

How Reporting Is Submitted

• Mortgage lending activity:
  • Reported through completion of the NMLS Mortgage Call Report for 2025
  • All required MCR data must be submitted by February 14, 2026
• Non-mortgage or mixed activity (that is not included in the MCR), or volume ≥ $5 million:
  • Lenders must submit supplemental reporting outside of the MCR
  • A detailed spreadsheet must be uploaded in NMLS (preferred) or submitted directly to the Bureau

Key Reporting Takeaway

Lenders should not assume that completion of the Mortgage Call Report alone satisfies Maine’s requirements. Any non-mortgage consumer credit activity, or higher-volume lending, triggers additional reporting obligations.

For help assessing your Maine reporting obligations or preparing submissions, contact FS Vector.

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