Maine § 9-B §245 Protection of eligible adults from financial exploitation

Maine Statutes

§ 9-B §245 — Protection of eligible adults from financial exploitation

Maine § 9-B §245

Title 9-BFINANCIAL INSTITUTIONS

Part 2BUREAU OF FINANCIAL INSTITUTIONS

Ch. 24ANTICOMPETITIVE OR DECEPTIVE PRACTICES

This text of Maine § 9-B §245 (Protection of eligible adults from financial exploitation) 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. 9-B, § 9-B §245 (2026).

Text

1.Definitions. For purposes of this section, unless the context otherwise indicates, the following terms have the following meanings.

2.Designation of trusted contact person. A financial institution authorized to do business in this State or a credit union authorized to do business in this State may develop a written policy permitting a customer of the financial institution or member or the credit union to designate, upon each account wholly or partly owned by the customer or member:

3.Delay of account transactions. A financial institution authorized to do business in this State or a credit union authorized to do business in this State may delay a disbursement from an account of an eligible adult if the financial institution or credit union reasonably believes that the requested disburs

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1.
Definitions.
For purposes of this section, unless the context otherwise indicates, the following terms have the following meanings.
2.
Designation of trusted contact person.
A financial institution authorized to do business in this State or a credit union authorized to do business in this State may develop a written policy permitting a customer of the financial institution or member or the credit union to designate, upon each account wholly or partly owned by the customer or member:
3.
Delay of account transactions.
A financial institution authorized to do business in this State or a credit union authorized to do business in this State may delay a disbursement from an account of an eligible adult if the financial institution or credit union reasonably believes that the requested disbursement may result in financial exploitation of an eligible adult and the financial institution or credit union:
4.
Immunity.
A financial institution authorized to do business in this State or a credit union authorized to do business in this State that, in good faith, takes any action pursuant to this section is immune from administrative or civil liability that might otherwise arise from such an action or for any failure to take such an action.
5.
Report to law enforcement.
In addition to notifying the Office of the Attorney General, a financial institution authorized to do business in this State or a credit union authorized to do business in this State may make a referral to law enforcement agencies upon imposition of a delay pursuant to subsection 3. A financial institution or credit union may provide access to or copies of records that are relevant to the suspected or attempted financial exploitation of an eligible adult to a law enforcement agency, either as part of a referral to law enforcement or upon request of a law enforcement agency pursuant to an investigation. The records may include historical records as well as records relating to the most recent transaction that may constitute financial exploitation of an eligible adult. Any records made available to a law enforcement agency under this section are confidential.