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AK HB44

Bill

Official Source

Status

Passed

5/18/2020

Primary Sponsor

Daniel Ortiz

Click for details

Origin

House of Representatives

31st Legislature

AI Summary

  • Adds Chapter 90 to Alaska Statute 06, establishing new provisions regarding automated teller machine (ATM) fees
  • Allows ATM owners to charge a fee for transactions that access accounts from international financial institutions, unless prohibited or conflicted by federal law
  • Defines "automated teller machine" as an electronic device that dispenses cash in connection with credit, deposit, or checking accounts at international financial institutions
  • Defines "international financial institution" as a person organized and licensed under foreign country laws to engage in banking business, including offering deposit accounts, making loans, and conducting financial transactions
  • Effective immediately upon enactment

Legislative Description

Automated Teller Machines: Fees

Consumer Affairs

Last Action

EFFECTIVE DATE(S) OF LAW 4/21/20

5/18/2020

Committee Referrals

Labor & Commerce2/20/2019

Full Bill Text

No bill text available