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NY A08600
Bill
Status
9/21/2011
Primary Sponsor
Linda Rosenthal
Click for details
AI Summary
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Requires operators of unenclosed automated teller machines in non-banking locations (supermarkets, restaurants, bars, convenience stores, airports, schools, public buildings) to register machines with the Superintendent of Financial Services within 90 days of the law's effective date.
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Establishes a $100 registration fee per machine and $50 annual renewal fee; machines must comply with EFT network operating rules and all state and federal regulations.
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Mandates that building owners maintain adequate lighting and reflective mirrors on all private ATMs, and that operators post notices in 24-point type displaying the operator's name, merchant contact information, superintendent's phone number, and PIN protection warnings.
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Imposes civil penalties of up to $5,000 per violation for operators and up to $250 per violation for property owners who permit unregistered machines, with each 15-day period of non-compliance constituting a separate offense.
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Exempts establishments already subject to existing banking regulations and prohibits any waivers of the law's provisions; takes effect 180 days after enactment.
Legislative Description
Enacts the private automated teller machine safety act; requires operators of private automated teller machines to register their machines with the superintendent of financial services; imposes a fee for the registration of such machines; provides monetary penalties for those operators and building owners who do not comply with the provisions of the act.
Last Action
referred to banks
1/4/2012