Sec. 12. 9-B MRSA §241, sub-§7, as repealed and replaced by PL 1997, c. 660, Pt. D, §2, is amended to read:

7. Restrictions on use of names of Maine financial institutions on credit cards. A credit card may be titled and may have the name of a financial institution authorized to do business in this State or credit union authorized to do business in this State on the card if:

A. The terms of the credit card contract comply with the laws applicable to that financial institution or credit union; or

B. The name and state of the financial institution or credit union underwriting the debt appears on the credit card.

Sec. 13. 9-B MRSA §244, as enacted by PL 1975, c. 500, §1, is amended to read:

§244. Exemption

Any A financial institution authorized to do business in this State or credit union authorized to do business in this State subject to the provisions of this chapter shall be is exempt from the provisions of Title 5, chapter 10.

Sec. 14. 9-B MRSA §361, as amended by PL 1997, c. 398, Pt. H, §1, is further amended to read:

§361. Applicability of chapter

The Notwithstanding any other provisions of law, the provisions of this chapter apply to and supersede any other provision of law governing conservation, liquidation and insolvency of financial institutions organized under the laws of this State.

Sec. 15. 9-B MRSA §427, sub-§14 is enacted to read:

14.__Applicability.__This section applies to financial institutions authorized to do business in this State and credit unions authorized to do business in this State.

Sec. 16. 9-B MRSA §824, as enacted by PL 1975, c. 500, §1, is amended to read: