| | |
part of a main office or branch office of a financial institution. | | Such a facility may be part of an electronic funds transfer system. | | Satellite facilities include facilities engaged in soliciting, | | receiving or accepting money or its equivalent on deposit from new | and existing customers. The term "satellite facility" "Satellite | | facility" does not include a cash dispensing machine that, | | operating in conjunction with a processor and network, allows a | | customer to debit an account in exchange for dispensing cash and | | that may allow a customer to effectuate transfers between the | | customer's accounts in the same financial institution, a point-of- | | sale terminal, a night depository or an office or facility engaged | | solely in the solicitation and origination of loans. |
|
| | | Sec. 5. 9-B MRSA §131, sub-§37-A is enacted to read: |
|
| | | 37-A.__Share account.__"Share account" means a share or | | deposit account at a credit union held by or offered to a member | | or potential member.__"Share account" includes, but is not | | limited to, accounts such as share, share draft and term share | | accounts. |
|
| | | Sec. 6. 9-B MRSA §214, sub-§2, as amended by PL 1993, c. 538, §1, is | | further amended to read: |
|
| | | 2. Assessment on financial institutions. |
|
| | | A. To provide for the balance of the reasonable expenses | | incurred to fulfill the bureau's duty pursuant to this | | Title, including general regulatory costs, overhead, | | transportation and general office and administrative | | expenses, the superintendent shall assess each financial | | institution under the superintendent's supervision at the | | annual rate of at least 6¢ for each $1,000 of the total of | | average assets, as defined by the superintendent. The | | frequency of assessment may coincide with the frequency of | | filing periodic financial reports with the bureau but may | | not be more frequent than quarterly. The superintendent may | | raise the minimum assessment rate of 6¢ for each $1,000 of | | the total of average assets by promulgating rules pursuant | | to section 251 at such time as economic conditions warrant | such an increase. In no event may the semiannual assessment | | be less than $25. |
|
| | | B. An assessment pursuant to paragraph A may be made on or | | before the assessment date for the period prescribed as | | follows: |
|
|