Bill > LD580

This bill proposes to repeal section 2 of a previously enacted law (10 MRSA §9420) that was originally passed in 2011. While the specific details of the original law are not provided in the XML text, the bill's title suggests it is aimed at protecting Maine consumers by prohibiting financial institutions and credit card issuers from charging fees for paper statements. By repealing the existing subsection, the bill appears to be eliminating a previous provision related to statement fees, likely with the intent of making it explicitly illegal for financial institutions to charge consumers for receiving paper statements. The goal seems to be to ensure that consumers have the option to receive paper statements without incurring additional costs, which could be particularly beneficial for individuals who prefer or require paper documentation or who may have limited access to digital communications.

Health and Social Services

https://legislature.maine.gov/legis/bills/display_ps.asp?LD=580&snum=132