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Assembly Bill A6234

Signed By Governor

2013-2014 Legislative Session

Relates to automated teller machine fee disclosure

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Archive: Last Bill Status - Signed by Governor

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2013-A6234 (ACTIVE) - Details

See Senate Version of this Bill:
S4363
Law Section:
General Business Law
Laws Affected:
Amd ยง399-y, Gen Bus L

2013-A6234 (ACTIVE) - Summary

Relates to automated teller machine fee disclosure; eliminates provisions requiring an automated teller machine operator to post a sign that a fee is imposed for the use of such machine, as well as the amount of such fee.

2013-A6234 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  6234

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                             March 18, 2013
                               ___________

Introduced  by M. of A. ROBINSON, ROSA -- Multi-Sponsored by -- M. of A.
  KEARNS, PERRY, WEISENBERG -- read once and referred to  the  Committee
  on Banks

AN  ACT  to  amend  the  general  business law, in relation to automated
  teller machine fee disclosure

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Section  399-y  of  the general business law, as added by
chapter 495 of the laws of 1999, is amended to read as follows:
  S 399-y. Automated teller machine fee disclosure. 1. For the  purposes
of  this  section,  "automated  teller  machine operator" shall mean any
person who: (a) operates an automated teller machine at which  consumers
may  make financial transactions, including but not limited to deposits,
withdrawals, balance inquiries, and loan payments; and (b)  is  not  the
financial  institution  which holds the account accessed by the consumer
to make the financial transaction.
  2. No automated teller machine  operator  shall  impose  a  fee  on  a
consumer  using  such machine, unless such operator: (a) provides notice
as required by subdivision three of this section; and (b)  the  consumer
elects  to  continue  to  effect a financial transaction after receiving
such notice.
  3. [(a) The automated teller machine operator shall  post  a  sign  or
warning  in  a prominent and conspicuous location on or at the automated
teller machine at which the financial transaction is  initiated  by  the
consumer.  Such  sign shall clearly state: (i) that a fee is imposed for
the use of such machine; and (ii) the amount of such fee.
  (b)] The automated teller machine operator shall [also] provide notice
on the screen of the automated teller machine or on a paper issued  from
such  machine  after  the financial transaction is initiated, but before
the consumer is irrevocably committed  to  completing  the  transaction.
Such  notice  shall clearly state: (i) that a fee is imposed for the use

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD05805-03-3

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