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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)

Signed by Governor

CORRECTIONAL INSTITUTIONSCORRECTIONAL INSTITUTIONS - PRISONERS

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Bill Overview

Analyzed Economic Effects

3 provisions identified: 3 benefits, 0 costs, 0 mixed.

Credit-building loans allowed for prisoners

The Department of Corrections Commissioner can let a prisoner get a credit-building loan from a bank or credit union. The loan is deposited in the prisoner’s savings account at that bank, not in department accounts. The loan is fully secured by money the prisoner moves from the department’s general client account after required collections. It must be repaid from that secured money or later disbursements from the department account.

Loan money protected from prison deductions

Money from an approved credit-building loan is not taken for victim restitution or court fines. It is also not taken for facility charges, like property damage, medical care, or disciplinary fees. The usual 25% take does not apply to these loan funds.

Loans excluded from pre-release money limits

In the 6 months before parole or discharge, you may not transfer more than $500 from your department account to any person. Transfers that are approved credit-building loans do not count toward that $500 cap. On the release date, you must have more than $500 in personal assets. Credit-building loan amounts do not count as assets for this check.

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. Signed by Governor, ACTPUB Chapter 6

    3/21/2025

  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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