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Can you summarize 32 MERS Chapter 80, Subchapter 3?
MONEY TRANSMITTERS AND CHECK CASHERS > CASH-DISPENSING MACHINES ESTABLISHED BY NONBANKS
Short Summary
This legal document, part of the Maine Revised Statutes, governs the establishment and operation of cash-dispensing machines by nonbanks. It applies to operators of such machines. Violation of this subchapter or any rule adopted by the administrator, or engaging in unfair, unconscionable, or deceptive practices causing actual damage to a customer, can result in examination and investigation, a cease and desist order, a civil action with a civil penalty of up to $5,000, and revocation, suspension, or nonrenewal of the operator’s registration. Additionally, establishing a cash-dispensing machine without filing notice with the administrator is considered a Class E crime.
Whom does it apply to?
Operators of cash-dispensing machines established by nonbanks
What does it govern?
Establishment and operation of cash-dispensing machines by nonbanks
What are exemptions?
No exemptions are mentioned in the document.
What are the Penalties?
No penalties for non-compliance or violation of the provisions are specified in the document.
Jurisdiction
Maine