LD 1998 / SP 811 (132nd Legislature), cash-dispensing machines registration; virtual currency kiosks (bill text)
Document text
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132nd MAINE LEGISLATURE
SECOND REGULAR SESSION-2026
Legislative Document No. 1998
S.P. 811 In Senate, December 5, 2025
An Act to Authorize Registration of Certain Cash-dispensing
Machines Through the Nationwide Mortgage Licensing System and
Registry and to Limit the Use of Certain Cash-dispensing Machines
as Virtual Currency Kiosks
Submitted by the Department of Professional and Financial Regulation pursuant to Joint
Rule 203.
Received by the Secretary of the Senate on December 3, 2025. Referred to the Committee
on Health Coverage, Insurance and Financial Services pursuant to Joint Rule 308.2 and ordered
printed.
DAREK M. GRANT
Secretary of the Senate
Presented by Senator BAILEY of York.
Printed on recycled paper
1 Be it enacted by the People of the State of Maine as follows:
2 Sec. 1. 32 MRSA §6152, sub-§2, as enacted by PL 1999, c. 229, §2, is amended to
3 read:
4 2. Limitations. A cash-dispensing machine:
5 A. May not accept deposits or loan payments or effectuate account transfers other than
6 those transfers between the customer's accounts in the same financial institution; and
7 B. Must be operated in such a way as to comply with the Electronic Funds Transfer
8 Act, 15 United States Code, Section 1693 et seq. or regulations adopted under that Act.;
9 and
10 C. May not operate as a virtual currency kiosk as defined in section 6164, subsection
11 3 unless the virtual currency kiosk operator is licensed as a money transmitter pursuant
12 to section 6165.
13 Sec. 2. 32 MRSA §6153, sub-§1, ¶B, as enacted by PL 1999, c. 229, §2, is
14 amended to read:
15 B. A registration fee of $50 for the first cash-dispensing machine location operator and
16 $25 for each additional location, payable to the Treasurer of State cash-dispensing
17 machine.
18 Sec. 3. 32 MRSA §6153, sub-§1-A is enacted to read:
19 1-A. Nationwide mortgage licensing system and registry. The administrator may
20 require registration under this section through the nationwide mortgage licensing system
21 and registry as defined in Title 9‑A, section 13‑102, subsection 8. The administrator is
22 authorized to participate in the nationwide mortgage licensing system and registry.
23 Sec. 4. 32 MRSA §6153, sub-§1-B is enacted to read:
24 1-B. Registration requirements. In all cases, whether registration is through the
25 nationwide mortgage licensing system and registry or otherwise, the administrator may
26 establish, by rule, requirements for registration, including but not limited to:
27 A. Background checks for:
28 (1) Criminal history through fingerprint or other databases;
29 (2) Civil or administrative records;
30 (3) Credit history; or
31 (4) Any other information determined necessary by the nationwide mortgage
32 licensing system and registry;
33 B. The payment of fees to apply for or renew registration. If registration is through the
34 nationwide mortgage licensing system and registry, an applicant must also pay a
35 nationwide mortgage licensing system and registry processing fee in an amount to be
36 determined by the administrators of the nationwide mortgage licensing system and
37 registry. Renewal applications received after the due date are subject to an additional
38 fee of $100;
39 C. The setting or resetting as necessary of renewal or reporting dates; and
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1 D. Other requirements for application for, amendment of or revocation of a registration
2 or any other such activities as the administrator considers necessary.
3 The aggregate of registration fees and other fees and assessments provided for by this
4 section is appropriated for the use of the administrator. Any balance of these funds does
5 not lapse but must be carried forward to be expended for the same purpose in the following
6 fiscal year.
7 Sec. 5. 32 MRSA §6153, sub-§6, as enacted by PL 1999, c. 229, §2, is amended to
8 read:
9 6. Fine. The administrator may impose a fine of $5 $25 per day on any person failing
10 to comply with the requirements of this section.
11 Sec. 6. 32 MRSA §6154, sub-§1, ¶A-1 is enacted to read:
12 A-1. If registration is through the nationwide mortgage licensing system and registry,
13 the operator’s unique identifier as defined in Title 9-A, section 13-102, subsection 15;
14 SUMMARY
15 This bill authorizes the Superintendent of Consumer Credit Protection within the
16 Department of Professional and Financial Regulation to require registration of certain cash-
17 dispensing machines through the nationwide mortgage licensing system and registry. In all
18 cases, whether registration is through the nationwide mortgage licensing system and
19 registry or otherwise, the bill authorizes the superintendent to establish, by rule,
20 requirements for registration of certain cash-dispensing machines. The bill provides that
21 certain cash-dispensing machines may not operate as virtual currency kiosks unless the
22 virtual currency kiosk operator is licensed as a money transmitter.
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