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| 4. Exceptions. A payroll processor that does not have the | | authority to access, control, direct, transfer or disburse a | | client's funds is not subject to this section. A payroll processor | | that arranges for the transfer of funds from an employer's account | | directly to taxing authorities for payment of the employer's taxes | | is not subject to this section, as long as the payroll processor is | | not authorized to arrange for the |
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| | | transfer of funds for any other uses or to any other accounts.__ | | The administrator may construe this subsection through issuance | | of an advisory ruling or through rules adopted pursuant to | | section 1495-F. |
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| | | Sec. 5. 10 MRSA §1495-H, sub-§2, as enacted by PL 2003, c. 668, §6 and | | affected by §12, is amended to read: |
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| | | 2. Bond or security forfeiture. After notice and hearing, | | forfeiture of that portion of the required bond or other security | | instrument as proportionately may make aggrieved parties whole; |
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| | | Emergency clause. In view of the emergency cited in the preamble, | | this Act takes effect when approved. |
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