This regulation, issued by the Bureau of Financial Institutions in Maine, authorizes financial institution holding companies in Maine to engage in specific closely related activities as enumerated in the Bank Holding Company Act of 1956 or Section 408 of the National Housing Act. The regulation allows Maine financial institutions or financial institution holding companies to engage in activities that are at least as broad as, or broader than, those authorized by federal law and regulation.

This document is a joint rule issued by the Bureau of Financial Institutions and the Bureau of Consumer Credit Protection in Maine. It repeals and replaces the previous Alternative Mortgage Transaction Joint Rule. The purpose of this rule is to regulate alternative mortgage transactions in the state. It allows creditors and financial institutions to offer certain alternative mortgage products that are secured by a first-lien on real estate and are generally accepted on the national secondary market.

This regulation, Chapter 132 of the Code of Maine Rules, governs the formation of mutual holding companies and the issuance of minority stock by subsidiary savings institutions. It provides the regulatory framework for mutual financial institutions to reorganize into subsidiary savings institutions, with at least 51% of the stock owned by the mutual holding company. The reorganization process involves the transfer of assets and liabilities from the mutual financial institution to the subsidiary savings institution.

This regulation, Chapter 136 of the Code of Maine Rules, governs the operation of deposit production offices by financial institutions authorized to do business in the state of Maine. It sets forth the factors that the Superintendent will consider in determining compliance with 9-B M.R.S.A. 241(8). The regulation establishes standards for compliance, including thresholds for Maine deposits and loan-to-deposit ratios. It also outlines additional performance factors that may be considered. The regulation imposes reporting requirements, including the filing of a Maine Interstate Report by interstate financial institutions.

This rule, jointly promulgated by the Bureau of Financial Institutions and the Bureau of Consumer Credit Protection, establishes disclosure and procedural requirements for student loan products offered by lenders and issuers resulting from an allocation of the state ceiling. The purpose of this rule is to ensure that student loan borrowers receive complete disclosures to make informed choices among available products. The rule applies to student loans made on or after August 1, 2000, funded with tax-exempt bonds utilizing the state ceiling.

This document, Chapter 145 of the Code of Maine Rules, is a joint rule issued by the Bureau of Financial Institutions and the Bureau of Consumer Credit Protection. It pertains to financial institutions authorized to do business in Maine, credit unions authorized to do business in Maine, and supervised lenders. The purpose of this Chapter is to allow subject lenders to provide student borrowers with loans that have non-standard payment schedules and allow for deferral of periodic payments with the accrual of interest and costs.

This rule, jointly promulgated by the Bureau of Financial Institutions and the Bureau of Consumer Credit Protection, establishes disclosure and procedural requirements for student loan products offered by lenders and issuers resulting from an allocation of the State ceiling. The rule aims to ensure that student loan borrowers receive complete disclosures to make informed choices among available products. It applies to student loans made on or after August 1, 2000, funded with tax-exempt bonds utilizing the state ceiling.

This legal document, titled ‘Alternative Mortgage Transactions’, is a joint rule issued by the Bureau of Financial Institutions and the Bureau of Consumer Credit Protection in Maine. The purpose of this rule is to regulate alternative mortgage transactions made or entered into in the state. It allows creditors and financial institutions to offer certain alternative mortgage products that are secured by a first-lien on real estate and are generally accepted on the national secondary market.

This rule, jointly enacted by the Superintendent of Insurance, the Superintendent of Banking, and the Director of Consumer Credit Regulation, addresses the sale of insurance products by financial institutions and supervised lenders in Maine. The rule establishes requirements regarding signage, physical location, and the identification of affiliated insurance agencies, producers, and consultants. Its purpose is to minimize customer confusion and provide adequate consumer protections. The rule applies to financial institutions, financial institution holding companies, credit unions, supervised lenders, and their affiliates.

This document, Chapter 600 of the Code of Maine Rules, is jointly promulgated by the Bureau of Financial Institutions and the Bureau of Consumer Credit Protection. It pertains to financial institutions, credit unions, and supervised lenders authorized to do business in Maine. The purpose of this Chapter is to provide exemptions from certain provisions of Title 9-A M.R.S.A. related to payment schedules and deferral of payments for student loans. It allows lenders to provide student borrowers with loans that have non-uniform payment schedules and the ability to defer payments while accruing interest and costs.