United States — Maine Act or statute

United States — Maine legislation

Maine Revised Statutes, Title 9-B, § 111: Declaration of policy, 1975

By enactment of this Title, it is declared to be the policy of the State that the business of all financial institutions must be supervised by the Bureau of Financial Institutions in a manner to ensure the strength,…

consumer creditconsumer protectionfinancial institutions supervisionfinancial services policy

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01

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“By enactment of this Title, it is declared to be the policy of the State that the business of all financial institutions must be supervised by the Bureau of Financial Institutions in a manner to ensure the strength, stability and”

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    Enacted 1975 · Source version 1 Oct 2025. The date shown identifies this source expression and should not be treated as proof that no later change exists.

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Declaration of policy

By enactment of this Title, it is declared to be the policy of the State that the business of all financial institutions must be supervised by the Bureau of Financial Institutions in a manner to ensure the strength, stability and

Section 111

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Source record from legislature.maine.gov · Enacted 1975 · Source version 1 Oct 2025

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§ 111Declaration of policyProvision

By enactment of this Title, it is declared to be the policy of the State that the business of all financial institutions must be supervised by the Bureau of Financial Institutions in a manner to ensure the strength, stability and

By enactment of this Title, it is declared to be the policy of the State that the business of all financial institutions must be supervised by the Bureau of Financial Institutions in a manner to ensure the strength, stability and efficiency of all financial institutions; to ensure reasonable and orderly competition, thereby encouraging the development and expansion of financial services advantageous to the public welfare; and to maintain close cooperation with other supervisory authorities. [PL 2001, c. 44, §2 (AMD); PL 2001, c. 44, §14 (AFF).] In addition, with respect to the Bureau of Financial Institutions' authority pursuant to Title 9‑A, section 1‑301, subsection 2, all financial institutions must be supervised in such a way as to protect consumers against unfair practices by financial institutions that provide consumer credit, to provide consumer education and to encourage the development of economically sound credit practices. [PL 2001, c. 44, §2 (AMD); PL 2001, c. 44, §14 (AFF).]
Section 111Verify source

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  • 1 Oct 2025 · currentEnglish

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