Maine § 32 §6068 Purpose

Maine Statutes

§ 32 §6068 — Purpose

Maine·Title 32 PROFESSIONS AND OCCUPATIONS·Ch. 79-A MONEY TRANSMITTERS

It is the intent of the Legislature that the provisions of this Act accomplish the following:

1.Coordination. Ensure states can coordinate in all areas of regulation, licensing and supervision to eliminate unnecessary regulatory burden and more effectively use regulator resources;

2.Protection of public. Protect the public from financial crime;

3.Standardization. Standardize the types of activities that are subject to licensing or otherwise exempt from licensing; and

4.Modernization. Modernize safety and soundness requirements to ensure customer funds are protected in an environment that supports innovative and competitive business practices.

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It is the intent of the Legislature that the provisions of this Act accomplish the following:
1.
Coordination.
Ensure states can coordinate in all areas of regulation, licensing and supervision to eliminate unnecessary regulatory burden and more effectively use regulator resources;
2.
Protection of public.
Protect the public from financial crime;
3.
Standardization.
Standardize the types of activities that are subject to licensing or otherwise exempt from licensing; and
4.
Modernization.
Modernize safety and soundness requirements to ensure customer funds are protected in an environment that supports innovative and competitive business practices.

Maine § 32 §6068 (Purpose) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.