{"data":{"id":"us-me/33-m.r.s.-2066","jurisdiction":"us-me","citation":"33 M.R.S. §2066","heading":"When stored-value obligation presumed abandoned","body":"1.  Presumed abandoned after 3 years.  Subject to section 2070, the net obligation value of a stored-value obligation is presumed abandoned on the latest of 3 years after:\nA.  December 31st of the year in which the obligation is issued or additional funds are deposited into it;\nB.  The most recent indication of interest in the obligation by the apparent owner; and\nC.  A verification or review of the balance by or on behalf of the apparent owner.\n2.  Amount presumed abandoned.  The amount presumed abandoned in a stored-value obligation is the net obligation value at the time it is presumed abandoned.\n3.  No period of limitation, limited charges or fees; exceptions, disclosure.  Notwithstanding section 2112, fees, charges or a period of limitation may not be imposed on stored-value obligations, except that the issuer may charge a transaction fee for the initial issuance and for each occurrence of adding value to an existing stored-value obligation.  These fees must be disclosed in a separate writing prior to the initial issuance or referenced on the stored-value obligation.  Fee restrictions do not apply to any stored-value obligation that enables the holder to transfer the underlying funds to multiple unaffiliated merchants at the merchants' point-of-sale terminals or online or at an automated teller machine.\n4.  Redemption; balance in cash.  If a stored-value obligation is redeemed in person and a balance of less than $5 remains following redemption, at the consumer's request the merchant redeeming the stored-value obligation must refund the balance in cash to the consumer.  This subsection does not apply to a stored-value obligation with an initial value of $5 or less, or a stored-value obligation that is not purchased but provided as a promotion or as a refund for merchandise returned without a receipt.","path":["TITLE 33: PROPERTY","CHAPTER 45: MAINE REVISED UNCLAIMED PROPERTY ACT","SUBCHAPTER 2: PRESUMPTION OF ABANDONMENT"],"source_url":"https://legislature.maine.gov/statutes/33/title33sec2066.html","current_through":"October 1, 2025","vintage":"","retrieved_at":"2026-09-04T15:12:39Z","sha256":"11ac148e75f58d79f9dca8c8406fc5654dfd1189202cea629c833644f198c559","source_id":"us-me","stale":false,"prev":"us-me/33-m.r.s.-2065","next":"us-me/33-m.r.s.-2067"},"notice":"GroundRules: Original legal text. Not legal advice."}