LD 1991
pg. 3
Page 2 of 7 An Act to Protect Customers of Nonbank Cash-dispensing Machines Page 4 of 7
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LR 1011
Item 1

 
1.__Cash-dispensing machines.__A person may not establish or
operate a cash-dispensing machine unless that person has first
complied with the provisions of this subchapter.

 
2.__Limitations.__A cash-dispensing machine:

 
A.__May not accept deposits or loan payments or effectuate
account transfers other than those transfers between the
customer's accounts in the same financial institution; and

 
B.__Must be operated in such a way as to comply with the
Electronic Funds Transfer Act, 15 United States Code 1693 et
seq. or regulations adopted under that Act.

 
§6153.__Registration

 
1.__Initial operation; notice.__Prior to the date of the
initial operation of any cash-dispensing machine, the operator
shall provide the following information to the administrator for
the purpose of registering the cash-dispensing machine:

 
A.__An initial notice that includes:

 
(1)__The operator's name, address and telephone number;

 
(2)__The name and address of where the cash-dispensing
machine is to be located;

 
(3)__The anticipated date of the initial operation of
the cash-dispensing machine;

 
(4)__The types of transactions available;

 
(5)__The processor's name, address and telephone
number;

 
(6)__The servicing agent's name, address and telephone
number;

 
(7)__The name, title, address and telephone number of
the person completing the notice; and

 
(8)__Any other information required by the
administrator; and

 
B.__A registration fee of $50 for the first cash-dispensing
machine location and $25 for each additional location,
payable to the Treasurer of State.


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