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Can you summarize 205 ILCS 695?
FINANCIAL REGULATION > Automated Teller Machine Security Act.
Short Summary
The Illinois Automated Teller Machine Security Act, also known as the Automated Teller Machine Security Act, is a legal document that governs the security and operation of automated teller machines (ATMs) in the state of Illinois. The Act applies to financial institutions, operators of ATMs, and customers. It defines various terms related to ATMs, such as ‘access area,’ ‘access device,’ and ‘automated teller machine.’ The Act establishes requirements for defined parking areas, which are areas adjacent to ATMs used for customer parking during the hours of darkness. However, there are exemptions for certain types of devices, such as those used for check guarantees, person-to-person cash transactions, and payment for goods or services. The Act does not specify any penalties in this particular section. Another section of the Act, Section 10, requires operators of ATMs to comply with specific provisions related to adequate lighting. Compliance with the lighting standards is mandatory for ATMs installed on or after July 1, 1997, and optional until July 1, 1998, for existing ATMs. The Act specifies the minimum candlefoot power required at various locations around the ATM and its surroundings during the hours of darkness. Another section of the Act, Section 15, requires issuers of access devices to provide customers with a notice of basic safety precautions when using an ATM. The notice should be provided to customers upon receiving their access device. The Act also outlines procedures that operators of ATMs must adopt to evaluate the safety of their ATMs for both customers and agents. These procedures include evaluating compliance with lighting standards, assessing the presence of landscaping or obstructions, and considering the incidence of crimes of violence in the immediate neighborhood of the ATM. The Act does not specify any exemptions or penalties in these sections. Additionally, the Act does not impose a duty to relocate or modify ATMs based on specific events or circumstances. Overall, the Act aims to enhance the safety of consumers using ATMs while balancing convenience and compliance for operators and financial institutions.
Whom does it apply to?
The Act applies to financial institutions, operators of ATMs, and customers.
What does it govern?
The Illinois Automated Teller Machine Security Act governs the security and operation of automated teller machines (ATMs) in the state.
What are exemptions?
There are exemptions for certain types of devices, such as those used for check guarantees, person-to-person cash transactions, and payment for goods or services.
What are the Penalties?
The Act does not specify any penalties in this particular section.
Jurisdiction
Illinois