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NY A06234

Bill

Official Source

Status

Passed

7/31/2013

Primary Sponsor

Annette Robinson

Click for details

Origin

Assembly

2013-2014 General Assembly

AI Summary

  • Amends General Business Law Section 399-y to modify automated teller machine (ATM) fee disclosure requirements for operators who are not the consumer's financial institution
  • Eliminates requirement to post a prominent sign on the ATM stating that a fee is imposed and the amount of the fee
  • Requires ATM operators to provide notice on the ATM screen or paper receipt after the transaction is initiated but before the consumer is committed, stating the fee amount and right to cancel without being charged
  • Maintains civil penalty of up to $250 per transaction for operators who fail to comply with notice requirements
  • Protects ATM operators from liability if posted notices are subsequently removed, damaged, or altered by persons other than the operator

Legislative Description

Relates to automated teller machine fee disclosure; eliminates provisions requiring an automated teller machine operator to post a sign that a fee is imposed for the use of such machine, as well as the amount of such fee.

Last Action

signed chap.199

7/31/2013

Committee Referrals

Consumer Affairs and Protection5/6/2013
Codes4/23/2013
Banks3/18/2013

Full Bill Text

No bill text available