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-V - FEDERAL/STATE REGULATIONS

It is recognized that the National Credit Union Administration and the Maine Bureau of Banking have promulgated, or may, in the future, promulgate regulations governing the manner in which credit unions may engage in the leasing of personal property. It is further recognized that there may exist differences in scope and coverage between this regulation and those promulgated by federal regulatory agencies. It is not the intent of this regulation to permit any practice which is not permitted by the National Credit Union Administration. To the contrary, besides any other restriction or limitation stated herein, each credit union must fully comply with the regulations of the National Credit Union Administration.