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NY A05941

Bill

Official Source

Status

Introduced

3/8/2013

Primary Sponsor

Barbara Clark

Click for details

Origin

Assembly

2013-2014 General Assembly

AI Summary

  • Adds new section 399-y-2 to the General Business Law requiring ATM operators to equip each machine with a global positioning system (GPS)

  • Defines "automated teller machine operator" as any person operating an ATM where consumers conduct financial transactions (deposits, withdrawals, balance inquiries, loan payments) who is not the financial institution holding the consumer's account

  • Requires ATM operators to display a sticker on each machine indicating it is equipped with a GPS device

  • Takes effect immediately upon enactment

Legislative Description

Requires automated teller machine operators to install global positioning systems within each machine.

Last Action

referred to banks

1/8/2014

Committee Referrals

Banks3/8/2013

Full Bill Text

No bill text available