Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
029 - BUREAU OF FINANCIAL INSTITUTIONS
Chapter 133 - LEASING OF PERSONAL PROPERTY BY STATE CHARTERED CREDIT UNION
Section 029-133-II - PURPOSE
Universal Citation: 02 ME Code Rules ยง 029-133-II
Current through 2024-38, September 18, 2024
The purpose of this regulation is to provide the regulatory framework to permit state-chartered credit unions to lease personal property to their members. This regulation will provide parity between state-and federally-chartered credit unions and will enable credit union members to enter into lease transactions through their credit union.
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