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AK HB350
Bill
Status
4/6/2018
Primary Sponsor
Daniel Ortiz
Click for details
AI Summary
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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.
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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.
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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.
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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