An Act To Protect a Borrower's Right To Use the Borrower's Chosen Accounting Service
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 9-B MRSA §241, sub-§14 is enacted to read:
14. Choice of accounting, tax or attest services provider. A financial institution authorized to do business in this State or a credit union authorized to do business in this State or a financial institution holding company or an affiliate of a financial institution holding company that is authorized to do business in this State may not, in connection with the extension of credit, interfere with a purchaser's or borrower's free choice of an accounting, tax or attest services provider.
summary
This bill provides that a financial institution or credit union authorized to do business in this State may not, in connection with the extension of credit, interfere with a purchaser's or borrower's free choice of an accounting, tax or attest services provider.