CHAPTER 149

H.P. 449 - L.D. 586

An Act To Clarify and Improve the Fairness of the Law of

Trustee Process

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

Sec. 1. 5 MRSA §86, as corrected by RR 2001, c. 2, Pt. B, §2 and affected by §58, is amended by adding at the end a new paragraph to read:

For filing and recording a designated office for service of trustee process under Title 14, section 2608-A, $25.

Sec. 2. 5 MRSA §90-C is enacted to read:

§90-C.__Voluntary filing system for designation of office

for trustee process

The Secretary of State shall establish and operate a central filing system to record and provide notice of offices designated by financial institutions authorized to do business in this State and credit unions authorized to do business in this State for service of trustee process under Title 14, section 2608-A, subsection 1.__For this purpose, the Secretary of State may adopt rules, establish procedures and adopt a schedule of fees in conjunction with filing, registering, providing notices and other services performed by the Secretary of State in carrying out this section.__Rules adopted pursuant to this paragraph are routine technical rules as defined in chapter 375, subchapter 2-A.

Sec. 3. 14 MRSA §2603 is amended to read: