APPROVED CHAPTER
MAY 29, 2025 38
BY GOVERNOR RESOLVES
STATE OF MAINE
_____
IN THE YEAR OF OUR LORD
TWO THOUSAND TWENTY-FIVE
_____
S.P. 78 - L.D. 142
Resolve, Directing the Bureau of Financial Institutions to Issue Guidance
Related to the Charging of Multiple Fees for Attempted Withdrawals
Involving Insufficient Funds
Sec. 1. Guidance related to charging multiple fees for attempted
withdrawals involving insufficient funds. Resolved: That, no later than January 1,
2026, the Department of Professional and Financial Regulation, Bureau of Financial
Institutions shall issue written guidance to state-chartered financial institutions and credit
unions on the charging of multiple fees for attempted withdrawals involving insufficient
funds. Before developing the written guidance required by this section, the bureau shall
review any guidance issued by the Federal Deposit Insurance Corporation and the National
Credit Union Administration related to overdraft and insufficient funds fees and consult
with statewide associations representing state-chartered financial institutions and credit
unions.
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