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MaineLD 142132nd Maine Legislature (2025-2026)SenateWALLET

Resolve, Directing the Bureau of Financial Institutions to Issue Guidance Related to the Charging of Multiple Fees for Attempted Withdrawals Involving Insufficient Funds

Sponsored By: James D. Libby (Republican)

Became Law

FINANCIAL INSTITUTIONSFINANCIAL INSTITUTIONS - REGULATION

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Maine guidance on repeat insufficient funds fees

The state Bureau of Financial Institutions must issue written guidance to Maine state‑chartered banks and credit unions. It covers charging more than one fee for failed withdrawals when the account has insufficient funds. The Bureau reviews FDIC and NCUA guidance and consults statewide bank and credit union groups before drafting it. The guidance is due no later than January 1, 2026. The law does not ban fees, but it clarifies and may reduce extra charges.

Sponsors & Cosponsors

Sponsor

  • James D. Libby

    Republican • Senate

Cosponsors

  • Susan Bernard

    Republican • Senate

Roll Call Votes

All Roll Calls

Yes: 28 • No: 4

Senate vote • 5/20/2025

ACCEPT MAJORITY OUGHT TO PASS AS AMENDED REPORT

Yes: 28 • No: 4

Actions Timeline

  1. RESLV Chapter 38

    5/1/2026

  2. FINALLY PASSED, in concurrence.

    5/27/2025Senate

  3. FINALLY PASSED.Sent for concurrence. ORDERED SENT FORTHWITH.

    5/27/2025House

  4. Reports READ.On motion of Representative MATHIESON of Kittery, the Majority Ought to Pass as Amended Report was ACCEPTED.The Bill was READ ONCE.Committee Amendment "A" (S-94) was READ and ADOPTED.Under suspension of the rules, the Bill was given its SECOND READING without REFERENCE to the Committee on Bills in the Second Reading.The Bill was PASSED TO BE ENGROSSED as Amended by Committee Amendment "A" (S-94). In concurrence. ORDERED SENT FORTHWITH.

    5/22/2025House

  5. Reports READ On motion by Senator BAILEY of York The Majority Ought to Pass As Amended Report ACCEPTED PREVAILED Roll Call Ordered Roll Call Number 180 Yeas 28 - Nays 4 - Excused 3 - Absent 0 READ ONCE Committee Amendment "A" (S-94) READ and ADOPTED Under suspension of the Rules, READ A SECOND TIME and PASSED TO BE ENGROSSED AS AMENDED by Committee Amendment "A" (S-94) Ordered sent down forthwith for concurrence

    5/20/2025Senate

  6. CARRIED OVER, in the same posture, to the next special or regular session of the 132nd Legislature, pursuant to Joint Order SP 519.

    3/21/2025Senate

  7. The Bill was REFERRED to the Committee on HEALTH COVERAGE, INSURANCE AND FINANCIAL SERVICES.In concurrence. ORDERED SENT FORTHWITH.

    1/14/2025House

  8. Committee on HEALTH COVERAGE, INSURANCE AND FINANCIAL SERVICES suggested and ordered printed REFERENCE to the Committee on HEALTH COVERAGE, INSURANCE AND FINANCIAL SERVICES Ordered sent down forthwith for concurrence

    1/14/2025Senate

Bill Text

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