LD 1991
pg. 1
LD 1991 Title Page An Act to Protect Customers of Nonbank Cash-dispensing Machines Page 2 of 7
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LR 1011
Item 1

 
Be it enacted by the People of the State of Maine as follows:

 
Sec. 1. 9-B MRSA §131, sub-§35, as amended by PL 1997, c. 398, Pt. A,
§24, is further amended to read:

 
35. Satellite facility. "Satellite facility" means any
facility, automated device or electronic terminal established by
a financial institution authorized to do business in this State
at which an existing financial institution customer may initiate
banking transactions, including, but not limited to, cash
deposits to and withdrawals from that customer's account, cash
advances on a preauthorized credit line, transfers between
checking and savings deposit or share accounts or payment
transfers from the customer's account to accounts of other
financial institution customers. Such a facility is not
permanently staffed and is not part of a main office or branch
office of a financial institution. Such a facility may be part of
an electronic funds transfer system. Satellite facilities
include facilities engaged in soliciting, receiving or accepting
money or its equivalent on deposit from new and existing
customers. The term satellite facility does not include a cash
dispensing machine, that, operating in conjunction with a
processor and network, allows a customer to debit an account in
exchange for dispensing cash and that may allow a customer to
effectuate transfers between the customer's accounts in the same
financial institution, a point-of-sale terminal, a night
depository or an office or facility engaged solely in the
solicitation and origination of loans.

 
Sec. 2. 32 MRSA c. 80, sub-c. III is enacted to read:

 
SUBCHAPTER III

 
CASH-DISPENSING MACHINES ESTABLISHED BY NONBANKS

 
§6151.__Definitions

 
As used in this subchapter, unless the context otherwise
indicates, the following terms have the following meanings.

 
1.__Administrator.__"Administrator" means the Director of the
Office of Consumer Credit Regulation within the Department of
Professional and Financial Regulation.

 
2.__Cash-dispensing machine.__"Cash-dispensing machine" means
an electronic device that, operating in conjunction with a
processor and network, allows a customer to debit an account in
exchange for dispensing cash and that may allow a customer to
effectuate account transfers subject to the limitations of
section 6152.__It does not include a satellite facility operated


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