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NY A00504
Bill
Status
1/9/2013
Primary Sponsor
Linda Rosenthal
Click for details
AI Summary
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Requires operators of private automated teller machines (ATMs) in non-banking establishments to register machines with the Superintendent of Financial Services, with initial registration fees of $100 per machine and renewal fees of $50 per machine.
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Mandates that ATM locations maintain adequate lighting and reflective mirrors to allow users to see their surroundings and behind them during transactions.
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Requires ATM operators to file placement agreements with the Superintendent, maintain inventory procedures, and post conspicuous notices on machines with operator name, merchant contact information, and consumer protection warnings.
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Imposes civil penalties of up to $5,000 per violation for non-compliant operators and up to $250 per violation for property owners permitting unregistered machines, with each 15-day period of non-compliance constituting a separate offense.
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Applies to unenclosed ATMs in supermarkets, restaurants, convenience stores, airports, schools, and other non-banking establishments that operate only during regular business hours; existing machines have 90 days from the effective date to register.
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
1/8/2014