Cx15905 is provided in connection with loans secured by property located in Arkansas, Connecticut, Maine, and Rhode Island, in order to fulfill these states’ disclosure requirements when an adverse action is taken on a loan file.
For Maine, Cx15905 has been provided pursuant to the provisions of Me. Rev. Stat. Ann. tit. 10, § 1320(1-B) & (2), which were a part of Maine’s Fair Credit Reporting Act. Maine’s legislature has decided to require creditors to comply with the Federal Fair Credit Reporting Act rather than promulgate their own brand of requirements, thus they have repealed the additional disclosure requirements found in Section 1320 (see 2013 Me. Legis. Serv., c. 228, § 2).
As a result, we will be retiring the Maine-version of Cx15905. This document will still continue to print for the other three states listed above.
This change will take effect on January 14, 2015. If you have any questions or concerns about this change, please contact Client Support at 1.800.497.3584.
January 7, 2015