Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
029 - BUREAU OF FINANCIAL INSTITUTIONS
Chapter 135 - PERMISSIBLE TIE-IN ARRANGEMENTS (REG. 35)
Section 029-135-II - PURPOSE

Universal Citation: 02 ME Code Rules ยง 029-135-II
Current through 2024-38, September 18, 2024

This regulation permits a financial institution authorized to do business in Maine to tie products, services and their price to other products and services offered by the financial institution or its affiliate to the same extent as a financial institution is permitted to do under federal law and regulation. Recent federal rulings have permitted tying certain products and services (i.e., bundling products and offering relationship pricing). Absent specific authority under Maine laws or rules, a financial institution authorized to do business in this State is very limited in offering Maine consumers bundled products or relationship pricing. This also places Maine's financial institutions at a competitive disadvantage with nonbank providers of financial services.

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