Me. Stat. tit. 32 § 6083

Current through 131st (2023-2024) Legislature Chapter 634

Section 6083 - Relationship to federal law

State money transmission jurisdiction is governed by this section. [2023, c. 662, §2 (NEW).]

1.Governance. If state money transmission jurisdiction is conditioned on a federal law, any inconsistency between a provision of this Act and the federal law governing money transmission is governed by the applicable federal law to the extent of the inconsistency.

[2023, c. 662, §2 (NEW).]

2.Guidance. If there is an inconsistency between this Act and a federal law that governs pursuant to subsection 1, the administrator may provide interpretive guidance that identifies the inconsistency and identifies the appropriate means of compliance with federal law.

[2023, c. 662, §2 (NEW).]

32 M.R.S. § 6083

Added by 2024, c. 662,§ 2, eff. 8/9/2024.