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MaineLD 97132nd Maine Legislature (2025-2026)HouseWALLET

An Act to Facilitate the Improvement of Credit Scores of Residents of Department of Corrections Facilities

Sponsored By: Daniel Sayre (Democratic)

Became Law

CORRECTIONAL INSTITUTIONSCORRECTIONAL INSTITUTIONS - PRISONERS

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 2 benefits, 0 costs, 0 mixed.

Credit-building loans don’t count toward $500 limits

In the 6 months before parole or discharge, the $500 transfer limit does not count money sent for dependent support or any credit‑building loan. On the parole or discharge date, credit‑building loan amounts do not count toward the $500 personal‑asset limit. This makes it less likely you are treated as over the limit because of a credit‑building loan.

Credit-building loans for people in prison

The law lets the corrections commissioner approve credit‑building loans from a bank or credit union. The loan money goes into your savings account at that bank. It must be fully secured with money you move from your DOC client account after required collections, and you repay it from that money. Loan funds are not subject to the 25% take for restitution, court fines, property damage, medical costs, or disciplinary sanctions.

Sponsors & Cosponsors

Sponsor

  • Daniel Sayre

    Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. ACTPUB Chapter 6

    5/1/2026

  2. PASSED TO BE ENACTED, in concurrence.

    3/18/2025Senate

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

    3/11/2025House

  4. Report READ and ACCEPTED, in concurrence.READ ONCEUnder suspension of the Rules, READ A SECOND TIME and PASSED TO BE ENGROSSED, in concurrence.Ordered sent down forthwith.

    3/4/2025Senate

  5. CONSENT CALENDAR - FIRST DAYUnder suspension of the rules CONSENT CALENDAR - SECOND DAY.The Bill was PASSED TO BE ENGROSSED.Sent for concurrence. ORDERED SENT FORTHWITH.

    2/25/2025House

  6. The Bill was REFERRED to the Committee on CRIMINAL JUSTICE AND PUBLIC SAFETY.In concurrence. ORDERED SENT FORTHWITH.

    1/8/2025Senate

  7. Committee on HEALTH COVERAGE, INSURANCE AND FINANCIAL SERVICES suggested and ordered printed. On motion of Representative MATHIESON of Kittery, the Bill was REFERRED to the Committee on CRIMINAL JUSTICE AND PUBLIC SAFETY.Sent for concurrence. ORDERED SENT FORTHWITH.

    1/8/2025House

Bill Text

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