Research About Meet PRIA

Support Data Sources Privacy Policy Terms of Servicehello@policyrisk.com

© 2026 PRIA Technologies, LLC. All rights reserved.

PRIA provides educational policy intelligence and is not a source of investment, legal, or financial advice. Content is for informational purposes only.

™

Your Policy Risk Impact Agent

Research

At My Address
Federal Courts
Daily Briefings
Medicare & Social Security
Policy Risk Index
Congressional Bills
Federal Register
Tariffs
Fed Decisions & The Economy
State Tracker
World Watch
U.S. Code
U.S. Constitution
Aliens

Knowledge

Search Polipedia
Daily Briefings
Calculators
Policy Risk Index
What is Policy Risk?
The Countdown

Company

About PRIA
Support

Get PRIA

Support Data Sources Privacy Policy Terms of Service

hello@policyrisk.com

© 2026 PRIA Technologies, LLC. All rights reserved.

PRIA is a trademark of PRIA Technologies, LLC.

PRIA provides educational policy intelligence and is not a source of investment, legal, or financial advice. Content is for informational purposes only.

Maine Statutes, Title 32

™

Your Policy Risk Impact Agent

Maine/Statutes

← All Maine coverage

Title 32, Title 32

131 chapters · 1,761 sections in this title.

All chapters in Title 321,761 Ch 117, Chapter 11799 Ch 135, Chapter 13576 Ch 31, Chapter 3162 Ch 79-A, Chapter 79-A57 Ch 143, Chapter 14356 Ch 114, Chapter 11452 Ch 113-B, Chapter 113-B48 Ch 48, Chapter 4846 Ch 83, Chapter 8346 Ch 56, Chapter 5645 Ch 36, Chapter 3641 Ch 137, Chapter 13741 Ch 80, Chapter 8037 Ch 2-B, Chapter 2-B32

57 sections·Filtered byTitle 32✕Ch 79-A✕

32 M.R.S. § 6067 Short title
0.1K chars
This chapter may be known and cited as "the Maine Money Transmission Modernization Act."
32 M.R.S. § 6068 Purpose
0.7K chars
It is the intent of the Legislature that the provisions of this Act accomplish the following: [PL 2023, c. 662, §2 (NEW).] 1. Coordination. Ensure states can coordinate in all areas of regulation, licensing and supervision to eliminate unnecessary regulatory burden and more effec…
32 M.R.S. § 6071 Definitions
12.1K chars
As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings. [PL 2023, c. 662, §2 (NEW).] 1. Acting in concert. "Acting in concert" means knowingly acting together with a common goal of jointly acquiring control of a licensee w…
32 M.R.S. § 6074 Exemptions
5.7K chars
This Act does not apply to: [PL 2023, c. 662, §2 (NEW).] 1. Operator. An operator of a payment system to the extent that it provides processing, clearing or settlement services between or among persons exempted by this section or licensees in connection with wire transfers, credi…

Showing 1–50 of 57

Page 1 of 2

← PreviousNext →

32 M.R.S. § 6075 Authority to require demonstration of exemption

0.2K chars

The administrator may require that a person claiming to be exempt from licensing pursuant to section 6074 provide information and documentation to the administrator demonstrating that the person qualifies for a claimed exemption.

32 M.R.S. § 6078 Implementation

1.3K chars

In order to carry out the purposes of this Act, the administrator may, subject to the provisions of section 6080, subsections 1 and 2: [PL 2023, c. 662, §2 (NEW).] 1. Licensing. Require licensing under this Act through NMLS. The administrator is authorized to participate in the n…

32 M.R.S. § 6079 Administrative authority

0.4K chars

The administrator has the authority to administer, interpret and enforce this Act, to adopt rules implementing this Act and to recover the cost of administering and enforcing this Act by imposing and collecting proportionate and equitable fees associated with applications, examin…

32 M.R.S. § 6080 Confidentiality

2.2K chars

Information confidentiality and disclosure is governed by this section. [PL 2023, c. 662, §2 (NEW).] 1. Confidentiality and prohibited disclosure. Except as otherwise provided in subsection 2, all information or reports obtained by the administrator from an applicant for a licens…

32 M.R.S. § 6081 Investigations

2.3K chars

Investigations by the administrator are governed by this section. [PL 2023, c. 662, §2 (NEW).] 1. Examination. The administrator may conduct an examination or investigation of a licensee or authorized delegate or otherwise take independent action authorized by this Act or by a ru…

32 M.R.S. § 6082 Networked supervision

1.9K chars

Networked supervision by the administrator is governed by this section. [PL 2023, c. 662, §2 (NEW).] 1. Multistate supervision. To efficiently and effectively administer and enforce this Act and to minimize regulatory burden, the administrator is authorized to participate in mult…

32 M.R.S. § 6083 Relationship to federal law

0.6K chars

State money transmission jurisdiction is governed by this section. [PL 2023, c. 662, §2 (NEW).] 1. Governance. If state money transmission jurisdiction is conditioned on a federal law, any inconsistency between a provision of this Act and the federal law governing money transmiss…

32 M.R.S. § 6084 Prohibited practices

1.9K chars

It is a violation of this Act for a licensee, executive officer, responsible individual or other person subject to this Act in connection with money transmission to: [PL 2023, c. 662, §2 (NEW).] 1. Defraud or mislead. Directly or indirectly employ any scheme, device or artifice t…

32 M.R.S. § 6087 License required

0.7K chars

A person may not engage in the business of money transmission or advertise, solicit or hold itself out as providing money transmission unless the person is licensed under this Act. [PL 2023, c. 662, §2 (NEW).] 1. Exemption. This section does not apply to: A. A person that is an a…

32 M.R.S. § 6088 Consistent state licensing

2.1K chars

Consistent licensing between the State and other states is governed by this section. [PL 2023, c. 662, §2 (NEW).] 1. Authorization. To establish consistent licensing between the State and other states, the administrator may: A. Implement all licensing provisions of this Act in a …

32 M.R.S. § 6089 Application for license

6.0K chars

License applications are governed by this section. [PL 2023, c. 662, §2 (NEW).] 1. Forms. An applicant for a license shall apply in a form and in a medium as prescribed by the administrator. Each form must contain content as set forth by law or rule and additional content determi…

32 M.R.S. § 6090 Information requirements for certain individuals

4.8K chars

Information requirements for certain individuals are governed by this section. [PL 2023, c. 662, §2 (NEW).] 1. Required information. An individual in control of a licensee or applicant, an individual that seeks to acquire control of a licensee and a key individual shall furnish t…

32 M.R.S. § 6091 Issuance of license

4.3K chars

License issuance is governed by this section. [PL 2023, c. 662, §2 (NEW).] 1. Complete application. When an application for an original license appears to include all the items and address all of the matters that are required under this subchapter, the application is complete and…

32 M.R.S. § 6092 Renewal of license

0.9K chars

License renewal is governed by this section. [PL 2023, c. 662, §2 (NEW).] 1. Annual renewal. A license under this Act may be renewed annually. The renewal term is for a period of one year and begins on January 1st of each year after the initial license term and expires on Decembe…

32 M.R.S. § 6093 Maintenance of license

0.5K chars

License maintenance is governed by this section. [PL 2023, c. 662, §2 (NEW).] 1. Suspension and revocation. If a licensee does not continue to meet the qualifications or satisfy the requirements that apply to an applicant for a new money transmission license, the administrator ma…

32 M.R.S. § 6096 Acquisition of control of a licensee

10.5K chars

Acquisition of control of a licensee is governed by this section. [PL 2023, c. 662, §2 (NEW).] 1. Approval. A person or group of persons acting in concert seeking to acquire control of a licensee shall obtain the written approval of the administrator prior to acquiring control. A…

32 M.R.S. § 6097 Notice and information requirements for change of key individuals

2.2K chars

Notice and information requirements for a change of key individuals is governed by this section. [PL 2023, c. 662, §2 (NEW).] 1. Licensee adding or replacing key individual. A licensee adding or replacing a key individual shall: A. Provide notice in a manner prescribed by the adm…

32 M.R.S. § 6100 Report of condition

1.3K chars

Condition reporting is governed by this section. [PL 2023, c. 662, §2 (NEW).] 1. Report. A licensee shall submit a report of condition within 45 days of the end of each calendar quarter or within any extended time as the administrator may prescribe. 2. Required information. The r…

32 M.R.S. § 6100-A Audited financials

1.3K chars

Audited financial filing is governed by this section. [PL 2023, c. 662, §2 (NEW).] 1. Required filing. A licensee shall, within 90 days of the end of each fiscal year or within any extended time as the administrator may prescribe, file with the administrator: A. An audited financ…

32 M.R.S. § 6100-AA Consent agreements

1.2K chars

The administrator may enter into a consent agreement at any time with a person to resolve a matter arising under this Act or a rule adopted or order issued under this Act. A consent agreement must be signed by the person to whom it is issued or by the person's authorized represen…

32 M.R.S. § 6100-B Authorized delegate reporting

1.4K chars

Authorized delegate reporting is governed by this section. [PL 2023, c. 662, §2 (NEW).] 1. Authorized delegate reports. A licensee shall submit a report regarding its authorized delegates within 45 days of the end of each calendar quarter. The administrator may use NMLS for the s…

32 M.R.S. § 6100-BB Criminal penalties

1.4K chars

Criminal penalties for violations of this Act are governed by this section. [PL 2023, c. 662, §2 (NEW).] 1. False records. A person that intentionally makes a false statement, misrepresentation or false certification in a record filed or required to be maintained under this Act o…

32 M.R.S. § 6100-C Reports of certain events

1.5K chars

Event reporting is governed by this section. [PL 2023, c. 662, §2 (NEW).] 1. Events requiring report within one day. A licensee shall file a report with the administrator within one business day after the licensee has reason to know of the occurrence of any of the following event…

32 M.R.S. § 6100-CC Civil penalties

0.3K chars

The administrator may assess a civil penalty against a person that violates this Act or a rule adopted or an order issued under this Act in an amount not to exceed $1,000 per day for each day the violation is outstanding, plus this State's costs and expenses for the investigation…

32 M.R.S. § 6100-D Bank Secrecy Act reports

0.4K chars

A licensee and an authorized delegate shall file all reports required by federal currency reporting, record-keeping and suspicious activity reporting requirements as set forth in the Bank Secrecy Act and other federal and state laws pertaining to money laundering. The timely fili…

32 M.R.S. § 6100-DD Unlicensed persons

1.4K chars

Orders to cease and desist for unlicensed persons are governed by this section. [PL 2023, c. 662, §2 (NEW).] 1. Order. If the administrator has reason to believe that a person has violated or is violating section 6087, the administrator may issue an order to show cause why an ord…

32 M.R.S. § 6100-E Records

1.6K chars

Records maintenance is governed by this section. [PL 2023, c. 662, §2 (NEW).] 1. Required records. A licensee shall maintain for at least 3 years the following records for determining its compliance with this Act: A. A record of each outstanding money transmission obligation sold…

32 M.R.S. § 6100-EE Expenses of investigations and administrative hearings

0.2K chars

A licensee shall reimburse the administrator for costs involved in investigating suspected violations of this Act and in bringing administrative proceedings or actions in court to enforce the terms of this Act.

32 M.R.S. § 6100-H Relationship between licensee and authorized delegate

4.7K chars

The relationship between licensees and authorized delegates is governed by this section. [PL 2023, c. 662, §2 (NEW).] 1. Definition. For the purposes of this section, "remit" means to make direct payments of money to a licensee or its representative authorized to receive money or…

32 M.R.S. § 6100-HH Uniformity of application and construction

0.2K chars

In applying and construing this Act, consideration must be given to the need to promote uniformity of the law with respect to its subject matter among states that enact it.

32 M.R.S. § 6100-I Unauthorized activities

0.4K chars

A person may not engage in the business of money transmission on behalf of a person not licensed under this Act or not exempt pursuant to subchapter 3. A person that engages in the business of money transmission on behalf of such a person provides money transmission to the same e…

32 M.R.S. § 6100-II Adoption of rules

0.1K chars

Rules adopted by the administrator pursuant to this Act are routine technical rules pursuant to Title 5, chapter 375, subchapter 2‑A.

32 M.R.S. § 6100-JJ Treatment of fees

0.5K chars

The administrator may set the fees under this Act by rule up to a maximum of $2,500 for an initial license, $1,000 for a license renewal and $1,000 for the designation of an authorized delegate. [PL 2023, c. 662, §2 (NEW).] The aggregate of fees, examination expense reimbursement…

32 M.R.S. § 6100-KK Multiple licenses

0.2K chars

A person licensed under this Act is not required to obtain a separate license to engage in either the cashing of checks or the exchange of foreign currency in the State.

32 M.R.S. § 6100-L Transmission

0.8K chars

Money received for transmission is governed by this section. [PL 2023, c. 662, §2 (NEW).] 1. Money forwarding. A licensee shall forward all money received for transmission in accordance with the terms of the agreement between the licensee and the sender unless the licensee has a …

32 M.R.S. § 6100-LL Giving notice

0.2K chars

When the giving of notice is required by this Act, for persons licensed in this State through NMLS or applying for licensing through NMLS, notice is considered complete when posted to the licensee's or applicant's site on NMLS.

32 M.R.S. § 6100-M Refunds

1.9K chars

Refunds are governed by this section. [PL 2023, c. 662, §2 (NEW).] 1. Applicability. This section does not apply to: A. Money received for transmission subject to 12 Code of Federal Regulations, Part 1005, Subpart B; or [PL 2023, c. 662, §2 (NEW).] B. Money received for transmiss…

32 M.R.S. § 6100-N Receipts

2.6K chars

Receipts are governed by this section. [PL 2023, c. 662, §2 (NEW).] 1. Application. This section does not apply to: A. Money received for transmission subject to 12 Code of Federal Regulations, Part 1005, Subpart B; or [PL 2023, c. 662, §2 (NEW).] B. Money received for transmissi…

32 M.R.S. § 6100-O Notice of contact information

0.3K chars

A licensee or authorized delegate shall include on a receipt or disclose on the licensee's publicly accessible website or mobile application the name and telephone number of the bureau and a statement that the licensee's customers may contact the bureau with questions or complain…

32 M.R.S. § 6100-OO Definitions

5.2K chars

For the purposes of this subchapter, unless the context otherwise indicates, the following terms have the following meanings. [PL 2023, c. 662, §2 (NEW).] 1. Asymmetric cryptosystem. "Asymmetric cryptosystem" means an algorithm or series of algorithms that provide a secure key pa…

32 M.R.S. § 6100-PP Scope

5.3K chars

The application of this subchapter is governed by this section. [PL 2023, c. 662, §2 (NEW).] 1. Application. This subchapter does not apply to the exchange, transfer or storage of virtual currency or to virtual currency administration to the extent the federal Electronic Fund Tra…

32 M.R.S. § 6100-QQ License required for engaging in virtual currency business activity

0.7K chars

Licensing for virtual currency business activity is governed by this section. [PL 2023, c. 662, §2 (NEW).] 1. Licensing. A person may not engage in virtual currency business activity, or hold itself out as being able to engage in virtual currency business activity, with or on beh…

32 M.R.S. § 6100-R Net worth

0.8K chars

Net worth requirements are governed by this section. [PL 2023, c. 662, §2 (NEW).] 1. Tangible net worth. A licensee under this Act shall maintain at all times a tangible net worth of the greater of $100,000 and 3% of total assets for the first $100,000,000, 2% of additional asset…

32 M.R.S. § 6100-RR Required disclosures

6.2K chars

Licensee disclosures are governed by this section. [PL 2023, c. 662, §2 (NEW).] 1. Licensee disclosures. A licensee that engages in virtual currency business activity shall provide to a person that uses the licensee's products or services the disclosures required by subsection 2 …

32 M.R.S. § 6100-S Surety bond

0.6K chars

Surety bond requirements are governed by this section. [PL 2023, c. 662, §2 (NEW).] 1. Security. An applicant for a money transmission license shall provide, and a licensee at all times shall maintain, security consisting of a surety bond in a form satisfactory to the administrat…

32 M.R.S. § 6100-SS Property interests and entitlements to virtual currency

1.1K chars

Property interests and entitlements to virtual currency are governed by this section. [PL 2023, c. 662, §2 (NEW).] 1. Control. A licensee that has control of virtual currency for one or more persons shall maintain control of virtual currency in each type of virtual currency suffi…