An Act to Authorize Registration of Certain Cash-dispensing Machines Through the Nationwide Mortgage Licensing System and Registry and to Limit the Use of Certain Cash-dispensing Machines as Virtual Currency Kiosks
Sponsored By: Donna Bailey (Democratic)
Signed by Governor
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
Cash-machine operators face registration rules and penalties
Maine’s administrator can require cash-machine registration through the Nationwide Mortgage Licensing System and Registry; operators using it need a unique identifier. Registration rules can require criminal, civil, administrative, and credit checks, plus other information the system needs. The administrator can set or adjust renewal and reporting dates and rules for applications, registration changes, and cancellations. Location registration fees are $50 for the first location and $25 for each additional location, payable to Maine’s Treasurer. Application and renewal fees can also apply; system registration carries a processing fee set by the system’s administrators. Renewal applications received after the due date cost an extra $100. Maine can impose a $25 daily fine for registration violations, up from $5; the fine is not automatic. Fees and assessments fund the administrator’s work, and unused money carries into the next fiscal year.
Cash-machine operators face tighter service limits
In Maine, cash-machine operators need a money transmitter license to run machines that meet Maine’s definition of a virtual currency kiosk. Cash machines cannot accept deposits or loan payments. Transfers are allowed only between a customer’s accounts at the same financial institution. Machines must also follow the federal Electronic Funds Transfer Act or its regulations.
Sponsors & Cosponsors
Sponsor
Donna Bailey
Democratic • Senate
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
Actions Timeline
Signed by Governor, ACTPUB Chapter 542
3/3/2026PASSED TO BE ENACTED, in concurrence.
2/26/2026SenatePASSED TO BE ENACTED. Sent for concurrence. ORDERED SENT FORTHWITH.
2/24/2026HouseCONSENT CALENDAR - FIRST DAYUnder suspension of the rules CONSENT CALENDAR - SECOND DAY.The Bill was PASSED TO BE ENGROSSED.In concurrence. ORDERED SENT FORTHWITH.
2/12/2026HouseCOMMITTEE ON BILLS IN THE SECOND READING REPORTS NO FURTHER VERBAL AMENDMENTS NECESSARY. REPORT ACCEPTED. READ A SECOND TIME and PASSED TO BE ENGROSSED.Ordered sent down forthwith for concurrence.
2/10/2026SenateReport READ and ACCEPTED.Bill READ ONCEASSIGNED FOR SECOND READING NEXT LEGISLATIVE DAY.
2/3/2026SenateReceived by the Secretary of the Senate on December 3, 2025 and REFERRED to the Committee on HEALTH COVERAGE, INSURANCE AND FINANCIAL SERVICES pursuant to Joint Rule 308.2
12/3/2025Senate
Bill Text
Enacted
Introduced
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