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

Maine's LD 1998 requires operators of cash-dispensing machines (like ATMs or kiosks) to register through the Nationwide Mortgage Licensing System and Registry. It prohibits these machines from functioning as unlicensed virtual currency kiosks and mandates compliance with federal electronic funds transfer rules. Operators must pay a $50 fee for the first machine location and $25 for each additional location, with annual renewal fees. The law also authorizes fines of $25 per day for non-compliance with registration or operational requirements.