United States — Maine Act or statute

United States — Maine legislation

Maine Revised Statutes, Title 9-B, § 1237: Disclosure of uninsured status, 1997

An uninsured bank must post FDIC non-insurance notices at deposit windows, on certain deposit records or obtain a depositor acknowledgment, and on deposit-related advertising.

FDIC insurance disclosuresdeposit disclosures

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01

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“An uninsured bank must post FDIC non-insurance notices at deposit windows, on certain deposit records or obtain a depositor acknowledgment, and on deposit-related advertising.”

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    Enacted 1997 · 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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Disclosure of uninsured status

An uninsured bank must post FDIC non-insurance notices at deposit windows, on certain deposit records or obtain a depositor acknowledgment, and on deposit-related advertising.

Section 1237

04

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Source record from legislature.maine.gov · Enacted 1997 · Source version 1 Oct 2025

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§ 1237Disclosure of uninsured statusProvision

An uninsured bank must post FDIC non-insurance notices at deposit windows, on certain deposit records or obtain a depositor acknowledgment, and on deposit-related advertising.

1. Sign that deposits not insured. An uninsured bank shall display conspicuously at each window or place where deposits are usually accepted a sign stating that deposits are not insured by the FDIC. [PL 1997, c. 398, Pt. J, §2 (NEW).] 2. Statement that deposits not insured. An uninsured bank shall either include in boldface conspicuous type on each signature card, passbook and instrument evidencing a deposit the following statement: "This deposit is not insured by the FDIC" or require each depositor to execute a statement that acknowledges that the initial deposit and all future deposits at the bank are not insured by the FDIC. The bank shall retain this acknowledgment as long as the depositor maintains any deposit with the bank. [PL 1997, c. 398, Pt. J, §2 (NEW).] 3. Statement on deposit-related advertising that deposits not insured. An uninsured bank shall include on all its deposit-related advertising a statement that deposits are not insured by the FDIC. [PL 1997, c. 398, Pt. J, §2 (NEW).]
Section 1237Verify source

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  • 1 Oct 2025 · currentEnglish

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