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OH SB335

Bill

Official Source

Status

Introduced

5/24/2016

Primary Sponsor

Thomas Patton

Click for details

Origin

Senate

131st General Assembly (2015-2016)

AI Summary

  • Superintendent of financial institutions shall adopt rules under Chapter 119 of the Revised Code to regulate non-bank automated teller machine placement and servicing
  • Rules must describe how automated teller machines are secured to the floor and require placement against a brick or concrete wall or another substantial surface
  • Rules must regulate servicing frequency and cash replenishment, with preference given to more frequent servicing with smaller cash amounts
  • Definition applies to automated, unstaffed banking facilities owned or operated by financial institutions at nonbank locations, including convenience stores

Legislative Description

Regulate non-bank automated teller machines

Commerce : Financial Institutions

Last Action

Refer to Committee: Financial Institutions

9/28/2016

Committee Referrals

Financial Institutions9/28/2016

Full Bill Text

No bill text available