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25,400 statutes · page 1260 of 1270
United States — Maine legislation
20 statutes shown from 25,400 source-backed records
Maine branches, agencies, and representative offices must follow record-keeping and reporting rules, keep separate English records, and provide information or extra records when the superintendent asks.
This section defines many banking terms used in the Title.
A foreign bank operating a Maine branch or agency must notify customers that deposits and credit balances there are not FDIC-insured.
A foreign bank with a Maine branch, agency, or representative office must give the superintendent prior notice of certain changes.
A licensed foreign bank must file a notice with the superintendent within 14 calendar days after it learns of a control acquisition or merges with another foreign bank.
A foreign bank may voluntarily close a Maine branch, Maine agency, or Maine representative office, with 30 days’ prior notice to the superintendent for a representative office.
A foreign bank may convert certain Maine offices and branches, but only with prior approval of the superintendent.
A foreign bank operating a Maine branch or agency must pay assessments to the superintendent. The superintendent may examine Maine branches, agencies, and representative offices and may enforce this chapter.
This section lets the superintendent end a foreign bank’s authority to operate a Maine branch, agency, or representative office, and it allows appointment of a receiver in specified circumstances.
A Maine foreign bank may establish and operate a branch in another state, subject to section 1312, and may carry on activities there that are permissible for a foreign bank in the host state.
An out-of-state foreign bank may establish a branch or agency in this State if it follows the procedures in section 373(3).
The superintendent may adopt rules to supplement this chapter’s requirements.
This section defines business days for financial institutions and requires banking offices to post operating hours; it also allows discretionary closures and delays some acts to the next business day without loss of rights.
Whenever it appears to the Governor that the welfare and security of financial institutions and credit unions under the supervision of the superintendent, or their depositors, shareholders, staffs or customers, require, or that the welfare
During a declared banking emergency, the superintendent may order financial institutions or credit unions to restrict business and control payments, and may authorize special deposits and asset valuation measures.
This section defines key terms and lists disclosures and record-handling activities that this chapter does not prohibit.
Financial institutions and credit unions generally may not disclose a customer’s financial records to others, except in specified situations.
A financial institution or credit union may disclose financial records only after the customer has been served with the subpoena, summons, warrant, or court order, unless a listed exception applies.
This section makes certain intentional or knowing disclosures or inducements involving financial records a civil violation and sets civil penalties the superintendent may assess.
The superintendent directs the bureau, is appointed and confirmed through the Legislature process, serves a 5-year term, and must have knowledge or experience in financial institutions.
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