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MaineLD 580132nd Maine Legislature (2025-2026)SenateWALLET

An Act to Protect Maine Consumers by Prohibiting Fees Charged for Receiving Paper Statements from Financial Institutions and Credit Card Issuers

Sponsored By: Donna Bailey (Democratic)

Became Law

FINANCIAL PRACTICESFINANCIAL PRACTICES - STATEMENTS

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Bill Overview

Analyzed Economic Effects

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

No more fees for paper statements

The law repeals a rule that let banks and credit card issuers charge a fee for paper statements. Companies in Maine can no longer rely on that rule to bill you for mailed statements. This lowers or removes a fee some customers were paying. The excerpt does not set an effective date or any refunds.

Sponsors & Cosponsors

Sponsor

  • Donna Bailey

    Democratic • Senate

Cosponsors

  • Abigail Griffin

    Republican • House

  • Daniel Shagoury

    Democratic • House

  • Henry L. Ingwersen

    Democratic • Senate

  • James D. Libby

    Republican • Senate

  • Marianne Moore

    Republican • Senate

  • Poppy Arford

    Democratic • House

  • Richard A. Bennett

    Independent • Senate

Roll Call Votes

All Roll Calls

Yes: 147 • No: 29

House vote • 4/10/2025

ACC MAJ OTP AS AMENDED REP

Yes: 117 • No: 27

Senate vote • 4/8/2025

ACCEPT MAJORITY OUGHT TO PASS AS AMENDED REPORT

Yes: 30 • No: 2

Actions Timeline

  1. ACTPUB Chapter 35

    5/1/2026

  2. PASSED TO BE ENACTED, in concurrence.

    4/17/2025Senate

  3. PASSED TO BE ENACTED. Sent for concurrence. ORDERED SENT FORTHWITH.

    4/15/2025House

  4. Reports READ.On motion of Representative MATHIESON of Kittery, the Majority Ought to Pass as Amended Report was ACCEPTED.ROLL CALL NO. 80(Yeas 117 - Nays 27 - Absent 6 - Excused 0 - Restricted - 1)The Bill was READ ONCE.Committee Amendment "A" (S-8) 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-8). In concurrence. ORDERED SENT FORTHWITH.

    4/10/2025House

  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 94 Yeas 30 - Nays 2 - Excused 2 - Absent 1 Bill READ ONCE Committee Amendment "A" (S-8) READ and ADOPTED Under suspension of the Rules, READ A SECOND TIME and PASSED TO BE ENGROSSED AS AMENDED by Committee Amendment "A" (S-8) Ordered sent down forthwith for concurrence

    4/8/2025Senate

  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. Received by the Secretary of the Senate on February 19, 2025 and REFERRED to the Committee on HEALTH COVERAGE, INSURANCE AND FINANCIAL SERVICES pursuant to Joint Rule 308.2

    2/19/2025Senate

Bill Text

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