Maine § 32 §6132 Definitions

Maine Statutes

§ 32 §6132 — Definitions

Maine § 32 §6132

Title 32PROFESSIONS AND OCCUPATIONS

Ch. 80CHECK CASHERS, CASH-DISPENSING MACHINES AND VIRTUAL CURRENCY KIOSKS

This text of Maine § 32 §6132 (Definitions) 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 §6132 (2026).

Text

As used in this subchapter, unless the context otherwise indicates, the following terms have the following meanings.

1.Administrator. "Administrator" means the Superintendent of Consumer Credit Protection.

2.Applicant. "Applicant" means a person filing an application for a license under this subchapter.

3.Capital adequacy. "Capital adequacy" means that an applicant is financially sound and has liquid assets useable in the business of at least $10,000, computed according to generally accepted accounting principles, for the full term of the registration.

4.Check. "Check" means any check, draft, money order or other instrument for the transmission or payment of money. "Check" does not include a travelers check.

5.Check cashing business. "Check cashing business" means any person who engag

Free access — add to your briefcase to read the full text and ask questions with AI

As used in this subchapter, unless the context otherwise indicates, the following terms have the following meanings.
1.
Administrator.
"Administrator" means the Superintendent of Consumer Credit Protection.
2.
Applicant.
"Applicant" means a person filing an application for a license under this subchapter.
3.
Capital adequacy.
"Capital adequacy" means that an applicant is financially sound and has liquid assets useable in the business of at least $10,000, computed according to generally accepted accounting principles, for the full term of the registration.
4.
Check.
"Check" means any check, draft, money order or other instrument for the transmission or payment of money. "Check" does not include a travelers check.
5.
Check cashing business.
"Check cashing business" means any person who engages in the business of cashing checks for a fee. "Check cashing business" does not include any of the following:
6.
Foreign currency exchange business.
"Foreign currency exchange business" means a person who engages in the business of exchanging foreign currency for a fee. "Foreign currency exchange business" does not include any of the following:
7.
Identification.
"Identification" means, and is limited to, an unexpired and otherwise valid drivers license; a state identification card issued by any state of the United States or its territories or the District of Columbia showing a photograph and signature; a United States government resident alien identification card; a United States passport; or a United States military identification card.
8.
Person.
"Person" means an individual, partnership, association, joint-stock association, limited liability company, trust or corporation.
9.
Registrant.
"Registrant" means a person registered under this subchapter.

Legislative History

PL 1997, c. 155, §A2 (NEW). PL 2007, c. 273, Pt. B, §6 (REV). PL 2007, c. 273, Pt. B, §7 (AFF). PL 2007, c. 695, Pt. A, §47 (AFF). PL 2023, c. 662, §§5, 6 (AMD).