Me. Rev. Stat. » Title 9-B
Maine Revised Statutes

Me. Rev. Stat. tit. 9-B, § 111 (2026)

Declaration of policy

✓ current as of May 2026
Find cases: SyfertCases citing this section ME-LEGlegislature.maine.gov JustiaTitle on Justia CornellLII Search CasesGoogle Scholar
By enactment of this Title, it is declared to be the policy of the State that the business of all financial institutions must be supervised by the Bureau of Financial Institutions in a manner to ensure the strength, stability and efficiency of all financial institutions; to ensure reasonable and orderly competition, thereby encouraging the development and expansion of financial services advantageous to the public welfare; and to maintain close cooperation with other supervisory authorities.   [PL 2001, c. 44, §2 (AMD); PL 2001, c. 44, §14 (AFF).]
In addition, with respect to the Bureau of Financial Institutions' authority pursuant to Title 9-A, section 1-301, subsection 2, all financial institutions must be supervised in such a way as to protect consumers against unfair practices by financial institutions that provide consumer credit, to provide consumer education and to encourage the development of economically sound credit practices.   [PL 2001, c. 44, §2 (AMD); PL 2001, c. 44, §14 (AFF).]
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1995, c. 309, §14 (AMD). PL 1995, c. 309, §29 (AFF). PL 2001, c. 44, §2 (AMD). PL 2001, c. 44, §14 (AFF).
The Revisor's Office cannot provide legal advice or interpretation of Maine law to the public.
If you need legal advice, please consult a qualified attorney.
Notes of Decisions
Cited in 2 cases, 1980–1991 · leading case: Lovell v. Peoples Heritage Sav. Bank, 776 F. Supp. 578 (D. Me. 1991).
Sort: Relevance Newest Treatment
Lovell v. Peoples Heritage Sav. Bank, 776 F. Supp. 578 (D. Me. 1991). · cites it 2× “The Legislature has decreed that the business of all Maine financial institutions shall be supervised by the Bureau of Banking, 9-B M.R.S.A. § 111, and in section 344 the Legislature has specified under what circumstances conversion will be allowed.”
Dirigo Bank & Trust Co. v. Maine Bureau of Banking, 412 A.2d 731 (Me. 1980). “” 9-B M.R.S.A. § 111. Dirigo’s interpretation would also defeat other purposes of the code such as to afford financial institutions flexibility to develop consistent with the public interest and to encourage statewide branching.”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.