ME LD1998

Authorizes the Superintendent of Consumer Credit Protection to require registration of cash-dispensing machines through the Nationwide Mortgage Licensing System and Registry (NMLS)

Prohibits cash-dispensing machines from operating as virtual currency kiosks unless the operator is licensed as a money transmitter

Establishes registration requirements that may include background checks (criminal history, civil/administrative records, credit history), application and renewal fees, and a $100 late fee for renewals received after the due date

Changes the registration fee structure from $50 for the first machine location plus $25 per additional location to $50 per operator plus $25 per machine

Increases the daily fine for non-compliance from $5 to $25 per day