Maine § 32 §6068 Purpose

Maine Statutes

§ 32 §6068 — Purpose

Maine § 32 §6068

Title 32PROFESSIONS AND OCCUPATIONS

Ch. 79-AMONEY TRANSMITTERS

This text of Maine § 32 §6068 (Purpose) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Me. Rev. Stat. tit. 32, § 32 §6068 (2026).

Text

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.