02-029-123 Me. Code R. § 1

Current through 2024-51, December 18, 2024
Section 029-123-1 - AUTHORITY

Title 9-B M.R.S.A. Section111 declares that it is a policy of the state to supervise financial institutions in a manner to assure their strength, stability and efficiency and encourage the development and expansion of financial services advantageous to the public welfare.

Title 9-B M.R.S.A. Section416 grants to the Superintendent the authority to allow by regulation a financial institution to engage in any activity which has been authorized under federal law for financial institutions chartered or otherwise subject to the jurisdiction of the federal government.

Title 9-B M.R.S.A. Section241 gives the Superintendent authority to promulgate rules and regulations defining, limiting, or proscribing acts and practices which are deemed to be anti-competitive, unfair, deceptive, or otherwise injurious to the public interest.

02-029 C.M.R. ch. 123, § 1