S T A T E O F N E W Y O R K
2013-2014 Regular Sessions
I N S E N A T E
March 22, 2013
Introduced by Sens. GRIFFO, FARLEY -- read twice and ordered printed,
and when printed to be committed to the Committee on Consumer
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
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.
S. 4363 2
of such machine; (ii) the amount of such fee; and (iii) that the consum-
er may cancel such transaction without being assessed a fee.
4. (a) Any automated teller machine operator who fails to comply with
the requirements of this section shall be assessed a civil penalty not
to exceed two hundred fifty dollars per transaction.
(b) If the notice required pursuant to subdivision three of this
section has been [posted] PROVIDED by an automated teller machine opera-
tor and such notice is subsequently removed, damaged, or altered by any
person other than such operator, the operator shall have no liability
for a failure to comply with subdivision three of this section.
S 2. This act shall take effect immediately.