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Can you summarize 26 DCMR C18?
BANKING AND FINANCIAL INSTITUTIONS > AUTOMATED TELLER MACHINES
Short Summary
The provided legal document content pertains to the registration, revocation, suspension, and renewal of automated teller machines (ATMs) in the District of Columbia. The documents specify that any person operating an ATM or point of sale terminal in the District of Columbia must file a registration application with the Commissioner and obtain approval. The registration application requires information such as the applicant’s name, address, business structure, safety policies, installation dates, and fees charged for services. The Commissioner has the authority to revoke or suspend the registration of an operator if they violate applicable laws, make material misstatements, engage in fraudulent or unsafe activities, demonstrate a lack of competence, or violate any order or written agreement issued by the Commissioner. Prior to taking action, the Commissioner must provide a written notice of intent to revoke or suspend the registration and allow the operator to respond. The Commissioner may issue a temporary order without prior notice if public safety or health is at risk. The operator has the opportunity to file a written response within 15 days, and failure to respond within the specified time period implies consent to a final order. The documents also outline the process for renewal of registration, requiring operators to file a renewal application at least 90 days before the expiration date of their current registration. The Commissioner is responsible for approving or denying the renewal application within 30 days. The documents do not specify any penalties for non-compliance or violation. These regulations apply to operators of ATMs and point of sale terminals in the District of Columbia, with exemptions for commercial banks, savings banks, savings and loan associations, credit unions, or trust companies incorporated or chartered under the laws of the United States, any state of the United States, or the District of Columbia.
Whom does it apply to?
Any person who operates an automated teller machine or point of sale terminal in the District of Columbia
What does it govern?
Registration, revocation, suspension, and renewal of automated teller machines (ATMs) in the District of Columbia
What are exemptions?
Commercial banks, savings banks, savings and loan associations, credit unions, or trust companies incorporated or chartered under the laws of the United States, any state of the United States, or the District of Columbia
What are the Penalties?
Specific penalties for non-compliance or violation are not mentioned in these documents.
Jurisdiction
Washington, D.C.