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Can you summarize DCCO Title 26, Chapter 1A?
Banks and Other Financial Institutions. > Automated Teller Machines.
Short Summary
The provided legal document content pertains to the regulation of Automated Teller Machines (ATMs) in the District of Columbia. It covers definitions of various terms related to ATMs, including ‘access area’, ‘access device’, ‘automated teller machine’, ‘bank’, ‘customer’, and more. The document specifies that ATMs include stationary or mobile unattended devices used for banking transactions, but excludes devices used solely for check guarantee or check authorization, or for cash transactions on a person-to-person basis. It also defines terms related to parking areas and ‘hours of darkness’. The document outlines the requirements for establishing and operating ATMs, including the transaction fee basis and the ability for out-of-state banks and credit unions to operate ATMs in the District. Additionally, it addresses the establishment and operation of point-of-sale terminals. The document emphasizes the need for nondiscriminatory access to satellite devices, ATMs, and point-of-sale terminals by other banks and credit unions. It also requires the disclosure of surcharges imposed by operators of ATMs and point-of-sale terminals to customers. The document further discusses the safety evaluation procedures for ATMs, including considerations for lighting, obstructions, and crime incidence in the neighborhood. It sets forth the lighting requirements for ATMs and their access areas or defined parking areas during hours of darkness. The document also covers the registration of ATMs with the Commissioner and the maintenance of books, records, and accounts by ATM operators. It grants the Commissioner the authority to investigate complaints and impose civil penalties for violations. However, specific penalties for non-compliance are not mentioned in these documents.
Whom does it apply to?
District banks, federal banks, out-of-state banks, District credit unions, federal credit unions, out-of-state credit unions, and other persons
What does it govern?
Automated Teller Machines (ATMs) in the District of Columbia
What are exemptions?
ATMs owned or operated by a depository institution insured by the Federal Deposit Insurance Corporation are exempt from the registration requirement
What are the Penalties?
No specific penalties are mentioned in these documents
Jurisdiction
Washington, D.C.