View source for Title Agent Banking Requirements in Maine

==Overview==
There is almost no regulation regarding the use of bank accounts by title insurance agents in Maine.

==Domiciled Bank==
Not required.  A bank located in any state may be used.

==Account Type==
No special requirements.  A regular, non-interest bearing account may be used.  Attorneys who conduct closings, however, are required to use their required IOLTA trust account which pays interest to the Maine Bar Foundation.

==Segregated Funds==
Not required.  A national account may be used.

==Cross-References==
* [[Maine]]