reglab/housing_qa huggingface dataset:
9-B ME Rev Stat § 213 (2021)
2021 Maine Revised Statutes|TITLE 9-B: FINANCIAL INSTITUTIONS|Part 2: BUREAU OF FINANCIAL INSTITUTIONS|Chapter 21: ADMINISTRATION|9-B §213. Prohibited relationships with supervised institutions

 §213. Prohibited relationships with supervised institutions 1.  Stockholder; payment from.     A. Neither the superintendent nor any employee of the bureau shall, during his term of office or while employed by the bureau, be an officer, director, corporator, employee, attorney or stockholder in any financial institution or financial institution holding company subject to supervision or regulation by the bureau.   [PL 1975, c. 500, §1 (NEW).]B. The superintendent and employees of the bureau shall not, during their terms of office, receive directly or indirectly any payment or gratuity from any financial institution subject to supervision or regulation by the bureau. The prohibitions contained in this paragraph shall not be construed as prohibiting such person from being a depositor or member in any such financial institution on the same terms as are available to the public generally.   [PL 1975, c. 500, §1 (NEW).][PL 1975, c. 500, §1 (NEW).] 2.  Loans from supervised institutions.     A. If the superintendent, a deputy superintendent, examiner or other professional personnel of the bureau or such person's spouse or such person's son or daughter residing at such person's home obtains a loan from any financial institution subject to supervision or regulation by the bureau, the fact of such loan, together with the terms and conditions thereof, must be disclosed immediately to the superintendent in writing by the person obtaining the loan and by the institution making such loan. If the superintendent is the borrower, such written disclosure must be made to the commissioner.   [PL 2017, c. 288, Pt. A, §13 (AMD).]B. A record of any indebtedness described in paragraph A shall be kept on file in the bureau so long as such indebtedness is outstanding.   [PL 1975, c. 500, §1 (NEW).]C. The superintendent, or the commissioner if the superintendent is the borrower, may make an investigation of such loan to insure that its terms, conditions and amount are reasonable and proper under the circumstances, and that no preferential treatment has been given in the process of granting such loan.   [PL 1975, c. 500, §1 (NEW).][PL 2017, c. 288, Pt. A, §13 (AMD).] 3.  Additional limitations.  The provisions of this section shall be in addition to the limitations of Title 5, section 18.   [PL 1979, c. 734, §7 (NEW).] SECTION HISTORY PL 1975, c. 500, §1 (NEW). PL 1975, c. 666, §5 (AMD). PL 1979, c. 663, §30 (AMD). PL 1979, c. 734, §7 (AMD). PL 2017, c. 288, Pt. A, §13 (AMD).
9-B ME Rev Stat § 215 (2021)
2021 Maine Revised Statutes|TITLE 9-B: FINANCIAL INSTITUTIONS|Part 2: BUREAU OF FINANCIAL INSTITUTIONS|Chapter 21: ADMINISTRATION|9-B §215. Rules

 §215. Rules The superintendent shall have the power to implement by rule any provision of law relating to the supervision of financial institutions or their subsidiaries or financial institution holding companies or their subsidiaries or to amend or repeal such rules, subject to section 251.   [PL 1985, c. 328, §2 (AMD).]SECTION HISTORY PL 1975, c. 500, §1 (NEW). PL 1985, c. 328, §2 (AMD).
9-B ME Rev Stat § 216 (2021)
2021 Maine Revised Statutes|TITLE 9-B: FINANCIAL INSTITUTIONS|Part 2: BUREAU OF FINANCIAL INSTITUTIONS|Chapter 21: ADMINISTRATION|9-B §216. Advisory boards (REPEALED)

 §216. Advisory boards (REPEALED)SECTION HISTORY PL 1975, c. 500, §1 (NEW). PL 1981, c. 501, §29 (RP).
9-B ME Rev Stat § 217 (2021)
2021 Maine Revised Statutes|TITLE 9-B: FINANCIAL INSTITUTIONS|Part 2: BUREAU OF FINANCIAL INSTITUTIONS|Chapter 21: ADMINISTRATION|9-B §217. Annual reports to the Legislature

 §217. Annual reports to the Legislature The superintendent shall report to the Legislature by January 15th of each year the applications received and any actions taken pursuant to chapters 35 and 101. The report shall include, but not be limited to, detailed information on the number, types and legal structures of all regulated financial institutions in the State, the locations of all offices and total deposits held by these institutions, the steps taken or planned by nonstate financial institution holding companies that have received approval under chapter 101 for acquisition or establishment to meet the credit needs of consumers and small businesses and an analysis of the impact of applications approved under chapters 35 and 101 on the banking structure of the State and the credit needs of the state's citizens and businesses.   [PL 1983, c. 816, Pt. B, §2 (NEW).]SECTION HISTORY PL 1983, c. 816, §B2 (NEW).
9-B ME Rev Stat § 222 (2021)
2021 Maine Revised Statutes|TITLE 9-B: FINANCIAL INSTITUTIONS|Part 2: BUREAU OF FINANCIAL INSTITUTIONS|Chapter 22: EXAMINATIONS, RECORDS AND REPORTS|9-B §222. Reports and other information from supervised institutions

 §222. Reports and other information from supervised institutions 1.  General requirement.  In addition to the reports required pursuant to this section, the superintendent may require, from a financial institution organized under the laws of this State and from an out-of-state financial institution authorized to do business in this State, reports and other information from those institutions at those times and in such form as the superintendent considers appropriate for the proper supervision and regulation of those institutions.   [PL 1995, c. 628, §12 (AMD).] 2.  Designation of chief executive officer.   [PL 1997, c. 398, Pt. K, §2 (RP).] 3.  Condition and income reports.  Every financial institution subject to this Title shall make quarterly, or at such times as the superintendent may direct, a report of condition and income to the superintendent. The report must be in such form and contain such information as the superintendent considers appropriate for the proper supervision and regulation of such financial institutions.   The report must contain a declaration that the report is true and correct and must be signed by an officer authorized to do so by the board of directors of the financial institution. The financial institution shall retain a copy of the report that is filed with the bureau, including the original signed declaration, and shall make it available to the bureau upon request.   A. [PL 2009, c. 228, §2 (RP).] B. [PL 2009, c. 228, §2 (RP).] [PL 2009, c. 228, §2 (RPR).] 4.  Use of reports prepared for other state or federal regulatory agencies.  At the discretion of the superintendent, the reporting requirements of this section may be complied with by submitting to the superintendent copies of reports prepared for other state or federal regulatory agencies by the institution that contain the information requested.   [PL 1995, c. 628, §12 (AMD).] 5.  Penalties.  Any financial institution which shall fail to furnish reports and information required pursuant to this section, within the time specified, shall be subject to a penalty of not more than $100 for each day it is in violation of this section, which penalty may be recovered in a civil action brought in the name of the State.   [PL 1975, c. 500, §1 (NEW).] SECTION HISTORY PL 1975, c. 500, §1 (NEW). PL 1979, c. 429, §§1,2 (AMD). PL 1995, c. 628, §12 (AMD). PL 1997, c. 398, §K2 (AMD). PL 2001, c. 211, §7 (AMD). PL 2009, c. 228, §2 (AMD).
9-B ME Rev Stat § 223 (2021)
2021 Maine Revised Statutes|TITLE 9-B: FINANCIAL INSTITUTIONS|Part 2: BUREAU OF FINANCIAL INSTITUTIONS|Chapter 22: EXAMINATIONS, RECORDS AND REPORTS|9-B §223. Publication and posting of reports

 §223. Publication and posting of reports 1.  Condition and income reports.   [PL 1995, c. 24, §3 (RP).] 2.  Reports posted in offices.  Every financial institution shall make available in all of its offices at least 10 days, but not more than 30 days, prior to the annual meeting of its stockholders, corporators or members, its latest condition report or a condition report for its most recently completed fiscal year, and a report of income for the institution's most recently completed fiscal year. In addition to making available its latest condition report or condition report for its most recently completed fiscal year, a nondepository trust company shall make available a report of its fiduciary assets and income.   [PL 2009, c. 228, §3 (AMD).] SECTION HISTORY PL 1975, c. 500, §1 (NEW). PL 1975, c. 666, §6 (AMD). PL 1979, c. 429, §3 (AMD). PL 1995, c. 24, §3 (AMD). PL 2009, c. 228, §3 (AMD).
9-B ME Rev Stat § 224 (2021)
2021 Maine Revised Statutes|TITLE 9-B: FINANCIAL INSTITUTIONS|Part 2: BUREAU OF FINANCIAL INSTITUTIONS|Chapter 22: EXAMINATIONS, RECORDS AND REPORTS|9-B §224. Records to be kept by supervised institutions

 §224. Records to be kept by supervised institutions 1.  Records for superintendent.  A financial institution authorized to do business in this State shall keep those books, accounts and records relating to all transactions that enable the superintendent to ensure full compliance with the laws of this State.   [PL 1995, c. 628, §13 (AMD).] 2.  Loans and investments.  The board of each financial institution shall establish written policies for approval of loans and investments. In the policies, the board may delegate to officers, employees or committees comprised of officers, employees, or board members, the authority to approve loans and investments. The board may retain authority to approve or ratify types or classes of loans or investments as it considers reasonable. The board shall retain authority to approve or ratify types or classes of loans or investments where the approval is otherwise specifically required by this Title. The superintendent has authority to review loan and investment policies to assure that they contribute to the safety and soundness of the institution. A record of all loans and investments of every description made by a financial institution shall be kept in a book or books appropriate, substantially in the order of the time when the loans or investments are made. The record shall be made available to the superintendent and, if requested for the purpose of reviewing the financial responsibility of management by a vote of the directors, corporators, members of stockholders, the record shall be submitted to those persons. Records of loan and investment approvals shall be maintained and shall be available for the review of directors and of the superintendent.   [PL 1985, c. 83, §1 (RPR).] 3.  Agreements with directors, officers and corporators.  A financial institution shall maintain records of all agreements between the institution and its directors, officers and corporators and all persons acting on behalf of such persons, including, but not limited to, all loans and other contracts.   [PL 1975, c. 500, §1 (NEW).] SECTION HISTORY PL 1975, c. 500, §1 (NEW). PL 1985, c. 83, §1 (AMD). PL 1995, c. 628, §13 (AMD).
9-B ME Rev Stat § 225 (2021)
2021 Maine Revised Statutes|TITLE 9-B: FINANCIAL INSTITUTIONS|Part 2: BUREAU OF FINANCIAL INSTITUTIONS|Chapter 22: EXAMINATIONS, RECORDS AND REPORTS|9-B §225. Retention of financial institution records

 §225. Retention of financial institution records 1.  Superintendent's authority.  All records of financial institutions authorized to do business in this State and of credit unions authorized to do business in this State, insofar as this section does not contravene paramount federal law, must be retained for such minimum periods as the superintendent may prescribe.   [PL 2003, c. 322, §10 (AMD).] 2.  Minimum retention period.  The superintendent may from time to time issue regulations classifying all records kept by these institutions and prescribing the minimum period for which these records shall be retained. Such periods may be permanent or for a lesser term. Such regulations may be amended or repealed from time to time; provided that any amendment or repeal shall not affect any action taken prior to such amendment or repeal.   [PL 1975, c. 500, §1 (NEW).] 3.  Retention criteria.  Prior to issuing regulations pursuant to subsection 2, the superintendent shall consider:   A. Court and administrative proceedings in which the production of these records might be necessary or desirable;   [PL 1975, c. 500, §1 (NEW).]B. State and federal statutes of limitation applicable to such proceedings;   [PL 1975, c. 500, §1 (NEW).]C. The availability of information from other sources; and   [PL 1975, c. 500, §1 (NEW).]D. Such other matters as the superintendent shall deem pertinent in order that the regulations will require retention of records for such reasonable period as is commensurate with the interests of customers, depositors, stockholders and the people of this State in having such records available.   [PL 1975, c. 500, §1 (NEW).][PL 1975, c. 500, §1 (NEW).] 4.  Reproductions.  Reproductions, as defined by Title 16, section 456 shall be deemed acceptable, in lieu of the originals, for purposes of the prescribed periods for which such records shall be retained.   [PL 1975, c. 500, §1 (NEW).] 5.  Disposal of records.  Institutions may dispose of any record which has been retained for the minimum period prescribed by the superintendent.   [PL 1975, c. 500, §1 (NEW).] SECTION HISTORY PL 1975, c. 500, §1 (NEW). PL 2003, c. 322, §10 (AMD).
9-B ME Rev Stat § 226-A (2021)
2021 Maine Revised Statutes|TITLE 9-B: FINANCIAL INSTITUTIONS|Part 2: BUREAU OF FINANCIAL INSTITUTIONS|Chapter 22: EXAMINATIONS, RECORDS AND REPORTS|9-B §226-A. Cooperative agreements

 §226-A. Cooperative agreements The superintendent may enter into cooperative agreements with other state, federal or foreign regulatory agencies to facilitate the regulatory functions of the bureau, including, but not limited to, information sharing, coordination of examinations and joint examinations.   [PL 1999, c. 184, §8 (AMD).]SECTION HISTORY PL 1995, c. 628, §15 (NEW). PL 1999, c. 184, §8 (AMD).
9-B ME Rev Stat § 227 (2021)
2021 Maine Revised Statutes|TITLE 9-B: FINANCIAL INSTITUTIONS|Part 2: BUREAU OF FINANCIAL INSTITUTIONS|Chapter 22: EXAMINATIONS, RECORDS AND REPORTS|9-B §227. Subpoena powers

 §227. Subpoena powers The superintendent shall have the power and authority to summon persons and subpoena witnesses, compel their attendance, require production of evidence, administer oaths and examine any person under oath in connection with any subject related to the supervision and regulation of financial institutions. Any summons or subpoena may be served by registered mail with return receipt. Powers granted under this section may be enforced by the Superior Court.   [PL 1975, c. 500, §1 (NEW).]SECTION HISTORY PL 1975, c. 500, §1 (NEW).
9-B ME Rev Stat § 228 (2021)
2021 Maine Revised Statutes|TITLE 9-B: FINANCIAL INSTITUTIONS|Part 2: BUREAU OF FINANCIAL INSTITUTIONS|Chapter 22: EXAMINATIONS, RECORDS AND REPORTS|9-B §228. Report of violations

 §228. Report of violations 1.  Requirement.  If, in the opinion of the superintendent, any financial institution authorized to do business in this State or credit union authorized to do business in this State, or the officers, corporators, directors, employees or agents of any financial institution authorized to do business in this State or credit union authorized to do business in this State, has persistently violated any provision of this Title or rule adopted under this Title, the superintendent shall report the violation, with any remarks the superintendent determines appropriate, to the Attorney General who may institute a prosecution of the violation on behalf of the State.   [PL 2003, c. 322, §11 (AMD).] 2.  Penalty.  The penalty for such violation, unless otherwise prescribed, shall be not less than $500 nor more than $1000.   [PL 1975, c. 500, §1 (NEW).] SECTION HISTORY PL 1975, c. 500, §1 (NEW). PL 2003, c. 322, §11 (AMD).
9-B ME Rev Stat § 233 (2021)
2021 Maine Revised Statutes|TITLE 9-B: FINANCIAL INSTITUTIONS|Part 2: BUREAU OF FINANCIAL INSTITUTIONS|Chapter 23: CEASE AND DESIST ORDERS; REMOVAL OR CHANGE OF OFFICER OR DIRECTOR|9-B §233. Enforcement by Superior Court

 §233. Enforcement by Superior Court Orders issued by the superintendent pursuant to sections 231 and 232 shall be enforced by the Superior Court, subject to the following conditions and limitations:   [PL 1975, c. 500, §1 (NEW).]1.  Appeal of order.  Any person aggrieved and directly affected by an order of the superintendent issued pursuant to sections 231 and 232 shall be entitled to judicial review of the order pursuant to the Maine Administrative Procedure Act, Title 5, chapter 375, subchapter VII.   [PL 1977, c. 694, §157 (RPR).] 2.  Limitation on liability.  No person shall be subjected to any civil or criminal liability for any act or omission to act in good faith in reliance upon a subsisting order, regulation or definition of the superintendent, notwithstanding a subsequent decision by any court invalidating the order, regulation or definition.   [PL 1975, c. 500, §1 (NEW).] SECTION HISTORY PL 1975, c. 500, §1 (NEW). PL 1977, c. 694, §157 (AMD).
9-B ME Rev Stat § 234 (2021)
2021 Maine Revised Statutes|TITLE 9-B: FINANCIAL INSTITUTIONS|Part 2: BUREAU OF FINANCIAL INSTITUTIONS|Chapter 23: CEASE AND DESIST ORDERS; REMOVAL OR CHANGE OF OFFICER OR DIRECTOR|9-B §234. Notice to Federal authorities

 §234. Notice to Federal authorities 1.  Requirement.  In connection with any proceeding under section 231 or 232 involving a financial institution under the concurrent supervision of a federal agency and the bureau, the superintendent shall provide the appropriate federal agency with notice of any such proceeding and the grounds therefor. Such proceeding may then be continued jointly or by either the federal agency or the superintendent.   [PL 2007, c. 79, §4 (AMD).] 2.  Failure to notify.  Failure of the superintendent to give such notice shall not constitute a ground for attacking the validity of the order.   [PL 1975, c. 500, §1 (NEW).] SECTION HISTORY PL 1975, c. 500, §1 (NEW). PL 2007, c. 79, §4 (AMD).
9-B ME Rev Stat § 235 (2021)
2021 Maine Revised Statutes|TITLE 9-B: FINANCIAL INSTITUTIONS|Part 2: BUREAU OF FINANCIAL INSTITUTIONS|Chapter 23: CEASE AND DESIST ORDERS; REMOVAL OR CHANGE OF OFFICER OR DIRECTOR|9-B §235. Change of director or senior executive officer

 §235. Change of director or senior executive officer 1.  Definitions.  As used in this section, unless the context otherwise indicates, the following terms have the following meanings.   A. "Financial institution in troubled condition" includes any financial institution:   (1) That is subject to a cease and desist order issued under section 231 or issued by a federal regulator under applicable federal law;   (2) That is subject to a written agreement as contemplated under section 231;   (3) That has a composite rating of 4 or 5 under the federal Uniform Financial Institutions Rating System or comparable composite ratings under a rating system employed by the superintendent;   (4) That is not in compliance with section 412-A or is not in compliance with applicable federal capital standards; or   (5) That has been notified in writing by the superintendent that it is in troubled condition for the purposes of this section.   [PL 2007, c. 79, §5 (NEW).]B. "Senior executive officer" means any person who holds the title of president, chief executive officer, chief operating officer, chief financial officer, chief lending officer or chief investment officer or, without regard to title, salary or compensation, performs the function of one or more of these positions. "Senior executive officer" also includes any other person identified by the superintendent, whether or not hired as an employee, with significant influence over, or who participates in, major policy-making decisions of a financial institution.   [PL 2007, c. 79, §5 (NEW).][PL 2007, c. 79, §5 (NEW).] 2.  Filing notice.  A financial institution in troubled condition shall file notice with the superintendent at least 30 days prior to adding or replacing a member of its board of directors or governing body, employing a senior executive officer or changing the duties of a senior executive officer so that the senior executive officer would assume a different senior executive officer position. The notice must be in a form and contain content as prescribed by the superintendent. For good cause shown, the superintendent may accept notice of less than 30 days.   [PL 2007, c. 79, §5 (NEW).] 3.  Approval.  The superintendent shall approve or disapprove the notice under subsection 2 within 10 days after the receipt of the notice.   [PL 2007, c. 79, §5 (NEW).] SECTION HISTORY PL 2007, c. 79, §5 (NEW).
9-B ME Rev Stat § 242 (2021)
2021 Maine Revised Statutes|TITLE 9-B: FINANCIAL INSTITUTIONS|Part 2: BUREAU OF FINANCIAL INSTITUTIONS|Chapter 24: ANTICOMPETITIVE OR DECEPTIVE PRACTICES|9-B §242. Deceptive advertising

 §242. Deceptive advertising 1.  Rules.  The superintendent has authority to adopt rules, pursuant to section 251, defining, limiting or proscribing advertising by a financial institution authorized to do business in this State, a credit union authorized to do business in this State, an association of such institutions or a financial institution holding company, or representations made by those institutions, that is false, misleading or deceptive.   [PL 1999, c. 218, §6 (AMD).] 2.  Orders against deceptive advertising.     A. The superintendent may issue an order in accordance with section 231 upon determining that any entity or entities described in subsection 1 has issued an advertisement or made a representation which is false, misleading or deceptive.   [PL 1975, c. 500, §1 (NEW).]B. If an entity has already issued or published such an advertisement or representation, the superintendent may order the entity to take such affirmative corrective action as he deems necessary and appropriate under the circumstances for the purpose of informing and protecting the public and other interested parties.   [PL 1975, c. 500, §1 (NEW).]C. The fact that rules and regulations have not been promulgated pursuant to this section shall not affect the validity of any order issued hereunder.   [PL 1975, c. 500, §1 (NEW).][PL 1975, c. 500, §1 (NEW).] 3.  Appeal.  An interested party affected by the exercise of the superintendent's authority in subsection 2, paragraphs A or B shall have the right to appeal such decision or order pursuant to section 233, subsection 1 and shall also be entitled to rights specified in section 233, subsection 2.   [PL 1975, c. 500, §1 (NEW).] 4.  Advertisement of insurance products.  In any advertisement of an insurance product offered pursuant to section 448, a financial institution or its affiliate shall include a statement that the product is not insured by the Federal Deposit Insurance Corporation or National Credit Union Administration, as applicable.   This subsection does not apply to group health and group life insurance to the extent authorized by Title 24-A, chapters 31 and 35 when the insured is enrolled in the insurance policy, credit life and health insurance to the extent authorized by Title 24-A, chapter 37, credit property insurance, credit involuntary unemployment insurance, forced placed property insurance, a vendor's single interest policy or any other insurance product as determined by the Superintendent of Insurance.   [PL 1997, c. 315, §14 (NEW).] SECTION HISTORY PL 1975, c. 500, §1 (NEW). PL 1997, c. 315, §14 (AMD). PL 1999, c. 218, §6 (AMD).