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BUREAU OF FINANCIAL INSTITUTIONS
Department of Professional and Financial Regulation
State of Maine
March 1, 2013
BULLETIN #8 - LOANS FROM SUPERVISED INSTITUTIONS
To the Chief Executive Officer Addressed:
Title 9-B MRSA § 213(2) requires that each financial institution subject to the supervision or regulation by the Bureau of Financial Institutions must provide written disclosure to the Superintendent of any loan granted to the Deputy Superintendents, Examiners, or other professional personnel of the Bureau, or a member of such person's immediate family. If the Superintendent or a member of the Superintendent's immediate family is the borrower, the disclosure must be made to the Commissioner of Professional & Financial Regulation. The disclosure shall include the fact of such loan, its terms and conditions. The Bureau employee obtaining the loan must provide this disclosure as well.
18 U.S.C. Sections 212 and 213 generally prohibits banks insured by the FDIC from lending to examining personnel. PL 108-198, the Preserving Independence of Financial Institution Examinations Act of 2003, was signed into law on December 19, 2003. The bill amends 18 USC Sections 212 and 213 by decriminalizing extensions of credit to examiners for credit cards and primary residential home loans if those loans are made on the same terms and conditions as are available to other borrowers. Therefore, banks may make, and Bureau professional staff may accept, credit cards and primary residential home loans from FDIC-insured institutions as long as those extensions of credit are made on the same terms and conditions as are available to other borrowers.
The following is an updated list of Bureau professional staff. Please disclose the information required by Title 9-B MRSA § 213(2) at the time a loan is made to a member of the Bureau's professional staff. Any loan previously disclosed need not be re-disclosed.
/s/ Lloyd P. LaFountain III
Superintendent
NOTE: This bulletin is intended solely for informational purposes. It is not intended to set forth legal rights, duties or privileges nor is it intended to provide legal advice. Readers are encouraged to consult applicable statutes and regulations and to contact the Bureau of Financial Institutions if additional information is needed.
| Employee |
Spouse |
Residence |
Barr, John
Deputy Superintendent |
Hylan Barr, Marion |
Hallowell |
Falcone, Carl R.
Principal Bank Examiner |
-- |
Topsham |
Hadiaris, Chris N.
Principal Bank Examiner |
Hadiaris, Bonny |
Saco |
Ireland, Katarina
Senior Bank Examiner |
Ireland, Jonas Jr. |
Augusta |
LaFountain, Lloyd P. III
Superintendent |
Hitz LaFountain, Trisha |
Biddeford |
|
Libby, Evan
Bank Examiner |
-- |
Auburn |
Mattson, Lindsey
Principal Bank Examiner |
Mattson, Aaron |
Manchester |
O'Connor, John J.
Senior Bank Examiner |
O'Connor, Susan |
East Winthrop |
Ouellette, James
Bank Examiner |
-- |
Sidney |
Perry, Alison
Bank Examiner |
-- |
Winslow |
Pearson, Christine D.
Principal Bank Examiner |
-- |
Topsham |
Rodrigue, Marcy
Bank Examiner |
-- |
Windham |
Studley, Robert B.
Deputy Superintendent |
Studley, Claire |
Yarmouth |
Tyrol, Natalie
Senior Bank Examiner |
Tyrol, David |
Vassalboro |
Van Dyck, Christian
Attorney |
Van Dyck, Donna |
Brunswick |
