Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
029 - BUREAU OF FINANCIAL INSTITUTIONS
Chapter 118 - FUNDS AVAILABILITY AND TRUTH-IN-SAVINGS (Reg. 18)
Section 029-118-I - AUTHORITY

Universal Citation: 02 ME Code Rules ยง 029-118-I
Current through 2024-13, March 27, 2024

Title 9-B MRS Section241(1) gives the Superintendent the authority to promulgate rules defining, limiting, or proscribing acts and practices which are determined to be anti-competitive, unfair, deceptive or otherwise injurious to the public interest.

Title 9-B MRS Section241(5) gives the Superintendent the authority to promulgate rules setting forth time limitations and disclosure requirements governing funds availability. That statute also requires that Maine's financial institutions make funds, represented by items deposited into an account, available for withdrawal within a reasonable time.

Title 9-B MRS Section242(1) gives the Superintendent authority to adopt rules defining, limiting or proscribing advertising that is false, misleading or deceptive.

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