Maine LD558 prohibits reporting of medical debt on consumer reports if reported within 180 days of delinquency.
Maine LD558 amends the Maine Revised Statutes to strengthen consumer protections by prohibiting consumer reporting agencies from reporting medical debt on a consumer's report if the debt is reported within 180 days of the first delinquency. The bill also mandates that upon receiving evidence of full settlement or payment of medical debt, agencies must not report or must remove such debt from consumer reports. However, if a consumer is making regular, scheduled payments as agreed with the medical provider, the debt may still be reported.
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