ME LD2182

Beginning January 1, 2027, settlement agents must verify the identity of sellers before conducting settlements involving vacant land or residential real estate in Maine

Real estate brokerage agencies must verify seller identity before entering brokerage agreements or providing services to sellers, effective January 1, 2027

The Superintendent of Consumer Credit Protection will adopt rules governing seller identity verification requirements for settlement agents

The Real Estate Commission will adopt rules governing seller identity verification requirements for real estate brokerage agencies

Both regulatory bodies must consult with each other before adopting or amending their respective verification rules