Terms Used In Maine Revised Statutes > Title 32 > Chapter 80 > Subchapter 3 - Cash-Dispensing Machines Established by Nonbanks

• Administrator: means the Superintendent of Consumer Credit Protection within the Department of Professional and Financial Regulation. See Maine Revised Statutes Title 32 Sec. 6151
• Cash-dispensing machine: means an electronic device that, operating in conjunction with a processor and network, allows a customer to debit an account in exchange for dispensing cash and that may allow a customer to effectuate account transfers subject to the limitations of section 6152. See Maine Revised Statutes Title 32 Sec. 6151
• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• Electronic funds transfer: The transfer of money between accounts by consumer electronic systems-such as automated teller machines (ATMs) and electronic payment of bills-rather than by check or cash. (Wire transfers, checks, drafts, and paper instruments do not fall into this category.) ^{Source: OCC}
• Establish: means to own, lease or otherwise legally control. See Maine Revised Statutes Title 32 Sec. 6151
• Federal Reserve System: The central bank of the United States. The Fed, as it is commonly called, regulates the U.S. monetary and financial system. The Federal Reserve System is composed of a central governmental agency in Washington, D.C. (the Board of Governors) and twelve regional Federal Reserve Banks in major cities throughout the United States. ^{Source: OCC}
• Financial institution: means any financial institution as defined in Title 9?B, section 131, subsection 17; any credit union as defined in Title 9?B, section 131, subsection 12; or any bank, commercial bank, savings bank, trust company, building and loan association, savings and loan association, savings association, cooperative bank, credit union or similar banking or credit union organization chartered by any other state or by the Federal Government. See Maine Revised Statutes Title 32 Sec. 6151
• Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
• in writing: include printing and other modes of making legible words. See Maine Revised Statutes Title 1 Sec. 72
• Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
• National Credit Union Administration: The federal regulatory agency that charters and supervises federal credit unions. (NCUA also administers the National Credit Union Share Insurance Fund, which insures the deposits of federal credit unions.) ^{Source: OCC}
• Network: means a person who engages primarily in the establishment and maintenance of a computer-operated system for transmitting items and messages between financial institutions, processors and cash-dispensing machines or similar electronic devices. See Maine Revised Statutes Title 32 Sec. 6151
• Operator: means the person who owns, leases or otherwise legally controls a cash-dispensing machine and is responsible for registering the cash-dispensing machine. See Maine Revised Statutes Title 32 Sec. 6151
• Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
• Person: means an individual, partnership, corporation or other business association recognized under state law. See Maine Revised Statutes Title 32 Sec. 6151
• Processor: means a person who electronically acquires financial data emanating from a cash-dispensing machine and relays that data to a network. See Maine Revised Statutes Title 32 Sec. 6151
• Satellite facility: means a satellite facility as defined in Title 9?B, section 131, subsection 35. See Maine Revised Statutes Title 32 Sec. 6151
• Service corporation: means a service corporation, as defined in Title 9?B, section 131, subsection 37, owned by one or more financial institutions. See Maine Revised Statutes Title 32 Sec. 6151
• Servicing agent: means a person who contracts with an operator to provide customer relations, financial recordkeeping or similar services in regard to a cash-dispensing machine. See Maine Revised Statutes Title 32 Sec. 6151
• United States: includes territories and the District of Columbia. See Maine Revised Statutes Title 1 Sec. 72