Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
029 - BUREAU OF FINANCIAL INSTITUTIONS
Chapter 101 - RETENTION OF RECORDS - FINANCIAL INSTITUTIONS (Reg. #1)
Section 029-101-III - DEFINITIONS

Universal Citation: 02 ME Code Rules ยง 029-101-III

Current through 2024-38, September 18, 2024

A. "Financial institution" means a financial institution as defined by Title 9-B MRSA Section131(17-A), or a credit union as defined by Title 9-B MRSA Section131(12-A).

B. "Media reproduction" means recording, copying, or reproducing records by any photographic, photostatic, microfilm, micro-card, miniature photographic, optical disk that is not erasable, or other process which accurately reproduces or forms a durable medium for so reproducing the original, the reproduction or copy, when satisfactorily identified, is as admissible in evidence as the original itself in any judicial or administrative proceeding.

C. "Record" means all documentary material, regardless of media or characteristics, made or received and maintained by a financial institution in accordance with law or regulation or in the transaction of its official business.

D. "Deposit account" means a deposit account as defined in Federal Reserve Regulation D, "Reserve Requirements of Depository Institutions" (12 CRF 204) and members accounts of credit unions as defined in the National Credit Union Administration Rules and Regulations (12 USC).

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