Title 32, Title 32

A licensee shall identify the recipient of virtual currency or monetary value transferred to an unhosted wallet. If the sender claims that it is also the recipient of the transferred virtual currency or monetary value, attestation by the sender alone is not sufficient to meet thi…

License suspension and revocation are governed by this section. [PL 2023, c. 662, §2 (NEW).] 1. License suspension and revocation. The administrator may suspend or revoke a license or order a licensee to revoke the designation of an authorized delegate if: A. The licensee violate…

Authorized delegate suspension and revocation are governed by this section. [PL 2023, c. 662, §2 (NEW).] 1. Designation suspension and revocation. The administrator may issue an order suspending or revoking the designation of an authorized delegate if the administrator finds that…

Orders to cease and desist are governed by this section. [PL 2023, c. 662, §2 (NEW).] 1. Order issuance. If the administrator determines that a violation of this Act or a rule adopted or an order issued under this Act by a licensee or authorized delegate is likely to cause immedi…

This subchapter may be known and cited as the "Check Cashing and Foreign Currency Exchange Act."

As used in this subchapter, unless the context otherwise indicates, the following terms have the following meanings. [PL 1997, c. 155, Pt. A, §2 (NEW).] 1. Administrator. "Administrator" means the Superintendent of Consumer Credit Protection. 2. Applicant. "Applicant" means a per…

1. Registration. On or after January 1, 1998, a person except one exempt pursuant to section 6132, subsection 5 or 6, may not engage in the business of check cashing or foreign currency exchange without registering as provided in this subchapter. 2. Additional locations. A regist…

An application for registration must be in writing and under oath to the administrator, in such form as the administrator may prescribe. The application must include the following information: [PL 1997, c. 155, Pt. A, §2 (NEW).] 1. Name and residence. The legal name and residence…

1. Investigation. Upon the filing of an application for registration, the administrator shall investigate the applicant with respect to: A. The business records and the capital adequacy of the person seeking the registration; [PL 1997, c. 155, Pt. A, §2 (NEW).] B. The competence,…

1. Effective registrations. Registration pursuant to this subchapter remains effective through the remainder of the calendar year of its date of issuance, unless sooner surrendered, suspended or revoked. 2. Annual renewal. Registrations must be renewed annually, in such form as t…

1. Endorsement. Before a registrant may deposit, with any financial institution, a payment instrument that is cashed by a registrant, the item must be endorsed with the actual name under which the registrant is doing business. 2. Compliance with state and federal law. Registrants…

1. Maintenance of records. A registrant shall maintain all books, accounts, records and documents necessary to determine the registrant's compliance with the provisions of this subchapter. Books, accounts, records and documents must be retained for a period of at least 3 years. 2…

1. Examination. The administrator may examine the books, accounts and records of an applicant or registrant and make investigations to determine compliance with this subchapter. 2. Expenses. The expenses of the administrator necessarily incurred in the examination or investigatio…

A registrant under this subchapter shall: [PL 1997, c. 155, Pt. A, §2 (NEW).] 1. Disclose to administrator. Disclose to the administrator the fees charged to consumers for services regulated by this subchapter; and 2. Disclose to public. Conspicuously disclose to the public, at e…

After notice and hearing, the administrator may suspend or revoke a registrant's registration if the administrator finds that: [PL 1997, c. 155, Pt. A, §2 (NEW).] 1. Grounds for denial. A fact or condition exists that, if it had existed at the time when the registrant applied for…

1. Criminal penalty. A person who carries on a business regulated by this subchapter without a valid registration is guilty of a Class E crime. 2. Civil penalty. A registrant who fails to comply with a provision of this subchapter is subject to a civil action in which a court may…

Rules adopted under this subchapter are routine technical rules as defined in Title 5, chapter 375, subchapter II‑A.

An applicant must designate and maintain an agent in this State for service of process.

A check cashing business or foreign currency exchange business shall comply with the provisions of the federal Gramm-Leach-Bliley Act, 15 United States Code, Section 6801 et seq. (1999) and the applicable implementing federal Privacy of Consumer Information regulations, as adopte…

As used in this subchapter, unless the context otherwise indicates, the following terms have the following meanings. [PL 1999, c. 229, §2 (NEW).] 1. Administrator. "Administrator" means the Superintendent of Consumer Credit Protection within the Department of Professional and Fin…

1. Cash-dispensing machines. A person may not establish or operate a cash-dispensing machine unless that person has first complied with the provisions of this subchapter. 2. Limitations. A cash-dispensing machine: A. May not accept deposits or loan payments or effectuate account …

1. Initial operation; notice. Prior to the date of the initial operation of any cash-dispensing machine, the operator shall provide the following information to the administrator for the purpose of registering the cash-dispensing machine: A. An initial notice that includes: (1) T…

1. Disclosure of pertinent information. An operator shall clearly and conspicuously disclose on a sign posted on the cash-dispensing machine or in clear view of a customer viewing the cash-dispensing machine: A. The name of the operator; [PL 1999, c. 229, §2 (NEW).] B. A disclaim…

1. Violation of subchapter; unfair practices; civil penalty. An operator that violates any provision of this subchapter or any rule adopted by the administrator or that through any unfair, unconscionable or deceptive practice causes actual damage to a customer, is subject to the …

1. Compliance. The administrator may examine the cash-dispensing machines, books, accounts and records of an operator or servicing agent and make investigations to determine compliance with this subchapter. 2. Chargeable expenses. The expenses of the administrator incurred in the…

After notice and hearing, the administrator may suspend or revoke an operator's registration if the administrator finds that: [PL 1999, c. 229, §2 (NEW).] 1. Violation. The operator knowingly violated a provision of this subchapter or a rule or order adopted by the administrator …

The aggregate of fees, examination expense reimbursement and other payments made pursuant to this subchapter are appropriated for the use of the administrator. Any balances of the funds do not lapse but must be carried forward to be expended for the same purposes in the following…

The administrator may adopt reasonable rules for the implementation and administration of this subchapter. Rules adopted pursuant to this subchapter are routine technical rules as defined in Title 5, chapter 375, subchapter II‑A.

This subchapter does not apply to any cash-dispensing machine established by a financial institution or service corporation.

This subchapter takes effect January 31, 2000.

A cash-dispensing machine operator shall comply with the provisions of the federal Gramm-Leach-Bliley Act, 15 United States Code, Section 6801 et seq. (1999) and the applicable implementing federal Privacy of Consumer Information regulations, as adopted by the Office of the Compt…

This subchapter may be known and cited as "the Maine Virtual Currency Kiosk Act."

Terms defined in the Maine Money Transmission Modernization Act have the same meanings when used in this subchapter. Additionally, as used in this subchapter, unless the context otherwise indicates, the following terms have the following meanings. [PL 2025, c. 285, §2 (NEW).] 1. …

A virtual currency kiosk operator must be licensed as a money transmitter pursuant to the Maine Money Transmission Modernization Act unless exempt pursuant to sections 6074 and 6075.

A virtual currency kiosk operator shall provide the bureau with the physical locations of the operator's kiosks in operation in the State.

A virtual currency kiosk operator shall preserve and retain all transaction records of a virtual currency kiosk transaction for no less than 3 years, including, but not limited to: [PL 2025, c. 285, §2 (NEW).] 1. Customer information. The customer's name, address, date of birth a…

Before entering into a virtual currency kiosk transaction for, on behalf of or with a person, a virtual currency kiosk operator shall disclose in a clear, conspicuous and easily readable manner all material risks generally associated with virtual currency kiosk transactions, incl…

1. Transaction limits; dollar amount. A virtual currency kiosk operator may not accept or dispense more than $1,000 in a day from or to a customer via a virtual currency kiosk owned by the operator. 2. Transaction charges. A virtual currency kiosk operator may not collect charges…

The implementation, administrative authority and enforcement provisions of sections 6078, 6079 and 6100‑X to 6100‑EE apply to this subchapter.

The administrator shall adopt rules that specify how virtual currency kiosk operators must implement and maintain an information security program. The information security rules must be consistent with the provisions of the federal Gramm-Leach-Bliley Act, 15 United States Code, S…

Any waiver of rights under this subchapter by a customer is void.

This chapter may be known and cited as the "Debt Management Services Act."

As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings. [PL 1999, c. 560, §3 (NEW).] 1. Administrator. "Administrator" means the Superintendent of Consumer Credit Protection within the Department of Professional and Financ…

1. Nonprofit organizations. 2. Registration and reregistration. An organization desiring to act, or continue to act, as a debt management service provider shall apply to the administrator for registration or reregistration in accordance with this chapter. The application must be …

Each application must be accompanied by evidence of a surety bond in a form approved by the administrator in the aggregate amount of $50,000 to run to the administrator for use by the administrator and any person or persons who may have a cause of action against a debt management…

1. Initial fee. A debt management service provider may charge to a consumer a reasonable one-time initial or set-up fee in an amount not to exceed $75. 2. Service fees. In addition to the fee set forth in subsection 1, a debt management service provider may assess either of the f…