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25,400 statutes · page 1266 of 1270
United States — Maine legislation
20 statutes shown from 25,400 source-backed records
A financial institution may set the terms of deposits it solicits and accepts, unless state law says otherwise, and may refuse deposits or pledge/hypothecate assets as security for deposits.
This section says the chapter applies to deposits or accounts in certain financial institutions, and that interest-bearing deposits or accounts are exempt from municipal taxation.
State-chartered financial institutions and credit unions must keep reserves on deposits or accounts, with reserves set at 100% of the Federal Reserve Act requirements.
Covered financial institutions must take steps to insure deposits or accounts with the FDIC; Part 12 institutions are exempt.
A financial institution may require a savings depositor to give written withdrawal notice before repayment, within the stated limits.
This section sets rules for minors’, fiduciary, joint, and deceased deposit/account transactions, plus transfers, adverse claims, lost evidence, and opening certain multiple-party accounts.
Unclaimed-account money in covered financial institutions must be handled under Title 33, chapter 45.
Mortgagees holding certain residential escrow funds must pay interest or dividends on the account and provide annual statements.
A financial institution may deal in loans or extensions of credit unless state law prohibits it, and its governing body must adopt a written loan policy.
This chapter applies to loans made by financial institutions subject to Title provisions.
A financial institution’s loan interest is capped at 6% per year unless there is a different written agreement; noncommercial and consumer loans are instead governed by Title 9-A.
Financial institutions authorized to do business in Maine must comply with Title 5, sections 4595 to 4598 on fair extension of credit.
Minority does not invalidate certain obligations connected to eligible veterans’ loans and related transactions.
This section allows certain real-property mortgages to secure existing, simultaneous, and some future debts, and sets rules for priority, notice, discharge, and a 1994 recording-date exemption.
1. Definitions. As used in this section, unless the context otherwise indicates, the following terms have the following meanings. A. "Loans or extensions of credit" includes all direct or indirect advances of funds to a person that are
A financial institution may exercise powers necessary or convenient to carry out its purposes or lawful business, unless Title provisions or superintendent rules limit it.
This chapter applies to services and incidental activities offered by financial institutions.
Financial institutions may act as trustee for certain retirement plans, and institutions must keep proper transaction records.
A financial institution authorized to do business in Maine may offer listed customer services, and certain institutions may sell or arrange annuities, but annuity sales on premises trigger licensing and disclosure steps.
1. Authorization. A financial institution may establish, acquire or invest in the equity interest, obligations or other securities of a service corporation, as defined in section 131, or otherwise participate in or utilize the service of
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