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Current as of January 01, 2025 | Updated by Findlaw Staff
1. Content of report. A professional solicitor licensed pursuant to section 5008-A shall submit to the director an annual fund-raising activity report that reflects data from the licensee's preceding fiscal year, on a form prescribed by the director, as part of its application for license renewal. The report must state, at a minimum, the following:
A. The name, mailing address, telephone number and license number of the licensee making the report;
B. The name, mailing address, telephone number and license number of each charitable organization with which the licensee contracted to solicit contributions in this State;
C. The total dollar amount of contributions raised in this State during each fund-raising campaign and for the year;
D. The total dollar amount of contributions raised in this State that was actually received and retained by the charitable organization from each fund-raising campaign and for the year; and
E. The total dollar amount attributable to contributions raised in this State that was retained by or paid to the licensee from each fund-raising campaign and for the year.
2. Failure to file; discrepancies.Failure to file the annual fund-raising activity report required under this section or filing a report that contains discrepancies between that report and the report submitted by the charitable organization with which the professional solicitor has contracted may result in disciplinary action as provided under Title 10, section 8003, subsection 5-A. To resolve a disagreement between reports, the director may require the professional solicitor to submit an annual fund-raising activity report according to a fiscal year other than the professional solicitor's fiscal year.
3. Contracting with unlicensed charitable organization. A person may not contract with an unlicensed charitable organization for the solicitation of funds from the State's residents. A violation of this subsection may result in disciplinary action as provided under Title 10, section 8003, subsection 5-A.
Cite this article: FindLaw.com - Maine Revised Statutes Title 9. Banks and Financial Institutions § 5008-B. Annual fund-raising activity reports to be filed by professional solicitors - last updated January 01, 2025 | https://codes.findlaw.com/me/title-9-banks-and-financial-institutions/me-rev-st-tit-9-sect-5008-b/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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