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AK HB350

Bill

Status

Engrossed

4/6/2018

Primary Sponsor

Daniel Ortiz

Click for details

Origin

House of Representatives

30th Legislature

AI Summary

  • Adds Chapter 90 to AS 06 to authorize ATM owners to charge fees for transactions accessing accounts from international financial institutions, unless prohibited or conflicting with federal law.

  • Defines "automated teller machine" as an electronic device that dispenses cash in connection with a credit, deposit, or checking account at an international financial institution.

  • Defines "international financial institution" as a person organized and licensed under foreign country laws to engage in banking business, which includes offering deposit accounts, making loans, and conducting other financial transactions.

  • Takes effect immediately upon enactment under AS 01.10.070(c).

Legislative Description

Automated Teller Machines: Fees

Consumer Affairs

Last Action

REFERRED TO LABOR & COMMERCE

4/9/2018

Committee Referrals

Labor & Commerce4/9/2018
Labor & Commerce2/16/2018

Full Bill Text

No bill text available