‘Sec. 1. 22 MRSA §4314, sub-§2, as amended by PL 1997, c. 455, §§8 and 32 and PL 2003, c. 689, Pt. B, §§6 and 7, is further amended to read:
SP0085 LD 239 |
Session - 128th Maine Legislature C "A", Filing Number S-24, Sponsored by
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LR 1091 Item 2 |
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Bill Tracking, Additional Documents | Chamber Status |
Amend the bill by striking out everything after the enacting clause and before the summary and inserting the following:
‘Sec. 1. 22 MRSA §4314, sub-§2, as amended by PL 1997, c. 455, §§8 and 32 and PL 2003, c. 689, Pt. B, §§6 and 7, is further amended to read:
summary
This amendment replaces the bill. Like the bill, the amendment removes the exemption provided to national banks from the law requiring financial institutions to provide account balance information to the State or to a municipality for persons who have applied for or are receiving financial assistance from the State or the municipality. The amendment also requires that a signed release form from a depositor be obtained before deposit or balance information can be released by the financial institution and, if the depositor is deceased, a written request from the municipality and a notarized affidavit of death must be provided. The amendment does not grant any authority for the release of any funds by a financial institution.