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MO HB83
Bill
Status
6/16/2011
Primary Sponsor
Michael Corcoran
Click for details
AI Summary
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Allows banks and trust companies to impose access fees or surcharges on automated teller machine (ATM) transactions conducted using foreign accounts, regardless of any operating or sharing agreement restrictions.
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Allows credit unions to impose access fees or surcharges on ATM transactions conducted using foreign accounts, regardless of any operating or sharing agreement restrictions.
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Defines "automated teller machine" as any electronic device allowing consumers to initiate electronic funds transfers or direct account debits/credits, excluding point of sale terminals, telephones, and personal computers.
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Defines "foreign account" as any account with a financial institution located outside the United States.
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Specifies that such fees or surcharges must not be otherwise prohibited under federal or state law.
Legislative Description
Specifies that an agreement to operate or share an automated teller machine cannot prohibit the owner or operator of the machine from imposing an access fee or surcharge on foreign bank transactions
Last Action
Delivered to Secretary of State (G)
6/16/2011