LD 1534
pg. 2
Page 1 of 22 An Act To Amend the Maine Banking Laws Page 3 of 22
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LR 1922
Item 1

 
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" "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. 5. 9-B MRSA §131, sub-§37-A is enacted to read:

 
37-A.__Share account.__"Share account" means a share or
deposit account at a credit union held by or offered to a member
or potential member.__"Share account" includes, but is not
limited to, accounts such as share, share draft and term share
accounts.

 
Sec. 6. 9-B MRSA §214, sub-§2, as amended by PL 1993, c. 538, §1, is
further amended to read:

 
2. Assessment on financial institutions.

 
A. To provide for the balance of the reasonable expenses
incurred to fulfill the bureau's duty pursuant to this
Title, including general regulatory costs, overhead,
transportation and general office and administrative
expenses, the superintendent shall assess each financial
institution under the superintendent's supervision at the
annual rate of at least 6¢ for each $1,000 of the total of
average assets, as defined by the superintendent. The
frequency of assessment may coincide with the frequency of
filing periodic financial reports with the bureau but may
not be more frequent than quarterly. The superintendent may
raise the minimum assessment rate of 6¢ for each $1,000 of
the total of average assets by promulgating rules pursuant
to section 251 at such time as economic conditions warrant
such an increase. In no event may the semiannual assessment
be less than $25.

 
B. An assessment pursuant to paragraph A may be made on or
before the assessment date for the period prescribed as
follows:


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