# Maine LD 2072: An Act to Make Changes to the Laws Governing Financial Institutions and to Eliminate Certain Administrative Fees Paid by Banks and Credit Unions Under the Maine Consumer Credit Code Maine LD 2072, An Act to Make Changes to the Laws Governing Financial Institutions and to Eliminate Certain Administrative Fees Paid by Banks and Credit Unions Under the Maine Consumer Credit Code, is a 132nd Maine Legislature (2025-2026) House bill sponsored by Kristi Mathieson (Democratic); status signed, last action 2026-03-19 (Signed by Governor, ACTPUB Chapter 565); PRIA reads it as touching household money (as of 2026-10-17). - Canonical: https://policyrisk.com/state-bill/ME-LD2072-132 - As of: 2026-10-17 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Maine LD 2072 - State: Maine - Session: 132nd Maine Legislature (2025-2026) - Title: An Act to Make Changes to the Laws Governing Financial Institutions and to Eliminate Certain Administrative Fees Paid by Banks and Credit Unions Under the Maine Consumer Credit Code - Status: signed - Chamber: House - Introduced: 2025-12-15 - Last action: 2026-03-19, Signed by Governor, ACTPUB Chapter 565 - Sponsor: Kristi Mathieson (Democratic) - Cosponsors: 0 - Subjects: FINANCIAL INSTITUTIONS, FINANCIAL INSTITUTIONS - REGULATION - Touches household money: yes - Economic provisions PRIA read: 7 ## Summary No summary available. ## Bill overview: provisions PRIA read - Credit unions gain more mortgage options: benefit, medium. Credit unions can make mortgages for members on property outside Maine. Loans generally cannot exceed 90% of the property's appraised value. They can reach 100% with insurance covering at least the top 20%, or qualifying government insurance or guarantees. Qualifying coverage includes a licensed mo… - Credit unions can share nonmember loans: benefit, low. A credit union can join a loan for someone who is not its member. The borrower must belong to at least one other credit union participating in that loan. These shared loans can be secured by real estate outside Maine. The law does not require a credit union to offer a loan. - Banks drop certain administrative fees: benefit, low. Covered banks and credit unions no longer pay the two repealed administrative fees under Maine's consumer credit law. The law does not state the fee amounts or require institutions to pass savings on to customers. - Supervised lenders leave some credit rules: cost, low. Supervised financial organizations are exempt from this part of Maine's consumer credit law. The exemption also covers their work taking over covered credit accounts, collecting payments, or enforcing rights. It does not exempt them from the entire consumer credit law. - Fraud disclosures shift to age 65: mixed, low. Financial institutions, credit unions, and affiliates can share records with Maine's attorney general or law enforcement about suspected financial exploitation. They need reasonable cause to believe a requested payment may lead to exploitation. This authority covers people 65 or older and individua… - Members gain control over director pay: mixed, low. At covered financial institutions, members or corporators—the institution's governing participants—can set director pay at a legal meeting. The board loses its prior authority to set that pay with the superintendent's written approval. The law sets no pay amount. - Mortgage lenders face adjustable oversight fees: mixed, low. Maine's consumer credit administrator can adjust fees for residential mortgage lenders that are not supervised financial organizations. Adjustments use routine technical rules and support compliance costs and staff attorney positions. Fees can rise or fall; the law sets no amount and requires no in… ## Sponsors and cosponsors - Sponsor: Kristi Mathieson (Democratic), House ## Actions (7) - 2026-03-19: Signed by Governor, ACTPUB Chapter 565 - 2026-03-10: PASSED TO BE ENACTED, in concurrence. (Senate) - 2026-03-05: PASSED TO BE ENACTED. Sent for concurrence. ORDERED SENT FORTHWITH. (House) - 2026-03-03: COMMITTEE ON BILLS IN THE SECOND READING REPORTS NO FURTHER VERBAL AMENDMENTS NECESSARY. REPORT ACCEPTED.READ A SECOND TIME and PASSED TO BE ENGROSSED AS AMENDED BY Committee Amendment "A" (H-807), in concurrence.Ordered sent down forthwith. (Senate) - 2026-02-26: Report READ and ACCEPTED, in concurrence. Bill READ ONCE. Committee Amendment "A" (H-807) READ and ADOPTED. ASSIGNED FOR SECOND READING NEXT LEGISLATIVE DAY. (Senate) - 2026-02-24: CONSENT CALENDAR - FIRST DAYUnder suspension of the rules CONSENT CALENDAR - SECOND DAY.The Bill was PASSED TO BE ENGROSSED as Amended by Committee Amendment "A" (H-807).Sent for concurrence. ORDERED SENT FORTHWITH. (House) - 2025-12-15: Received by the Clerk of the House on December 15, 2025.The Bill was REFERRED to the Committee on HEALTH COVERAGE, INSURANCE AND FINANCIAL SERVICES pursuant to Joint Rule 308.2 and ordered printed pursuant to Joint Rule 401. (House) ## Bill text - Amendment C-A (H-807), adopted by House & Senate: [PDF](https://legislature.maine.gov/legis/bills/getPDF.asp?paper=HP1385&item=2&snum=132) - Enacted: [PDF](https://legislature.maine.gov/legis/bills/getPDF.asp?paper=HP1385&item=3&snum=132) - Introduced: [PDF](https://legislature.maine.gov/legis/bills/getPDF.asp?paper=HP1385&item=1&snum=132) ## Related bills - LD 1522: An Act to Establish the Maine Eviction Prevention Program (failed) - LD 1665: An Act to Provide Property Tax Relief to Maine Families (failed) - LD 1872: An Act to Reinvest in the Pension Funds of the Maine Public Employees Retirement System (failed) - LD 2067: An Act to Include Community Mental Health Workers Under the 1998 Special Plan for Retirement (failed) - LD 1611: An Act to Decrease the Retirement Contributions Required for Teachers and State Employees (failed) - LD 1294: An Act to Expand the Dependent Exemption Tax Credit (failed) ## Sources - [Amendment C-A (H-807), adopted by House & Senate (PDF)](https://legislature.maine.gov/legis/bills/getPDF.asp?paper=HP1385&item=2&snum=132) - [Enacted (PDF)](https://legislature.maine.gov/legis/bills/getPDF.asp?paper=HP1385&item=3&snum=132) - [Introduced (PDF)](https://legislature.maine.gov/legis/bills/getPDF.asp?paper=HP1385&item=1&snum=132) ## Related - [LD 1522: An Act to Establish the Maine Eviction Prevention Program](https://policyrisk.com/state-bill/ME-LD1522-132) - [LD 1665: An Act to Provide Property Tax Relief to Maine Families](https://policyrisk.com/state-bill/ME-LD1665-132) - [LD 1872: An Act to Reinvest in the Pension Funds of the Maine Public Employees Retiremen…](https://policyrisk.com/state-bill/ME-LD1872-132) - [LD 2067: An Act to Include Community Mental Health Workers Under the 1998 Special Plan f…](https://policyrisk.com/state-bill/ME-LD2067-132) - [LD 1611: An Act to Decrease the Retirement Contributions Required for Teachers and State…](https://policyrisk.com/state-bill/ME-LD1611-132) - [LD 1294: An Act to Expand the Dependent Exemption Tax Credit](https://policyrisk.com/state-bill/ME-LD1294-132) - [Maine bills](https://policyrisk.com/states/maine/bills) - [Maine state hub](https://policyrisk.com/states/maine) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/ME-LD2072-132 (as of 2026-10-17).