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Can you summarize Fin Code CACL Division 4.5?
Financial Code > AUTOMATED TELLER MACHINE SURCHARGE DISCLOSURE [13080. - 13083.]
Short Summary
The provided legal document content consists of three sections from the California Financial Code. The first section governs the operation and sharing of automated teller machines (ATMs). It allows operators and owners to charge customers conducting transactions using accounts from foreign financial institutions an access fee or surcharge, as long as it is not prohibited by state or federal law. Operators and owners can also voluntarily participate in surcharge-free networks. The second section focuses on the imposition of surcharges on customers using ATMs. It requires ATM operators to clearly disclose any surcharges electronically on the ATM and provide customers an opportunity to cancel the transaction without incurring the surcharge if the disclosure is not made prior to their obligation to pay. The disclosure requirements also apply to the sale of goods or services conducted at the ATM. The third section governs the disclosure of fees at point-of-sale devices. It mandates operators of point-of-sale devices in California to disclose any fees to customers before they are obligated to pay for goods or services. The fee disclosure must be placed on or at the point-of-sale device. The documents apply to operators and owners of ATMs, customers using ATMs, and operators of point-of-sale devices. Point-of-sale transactions at ATMs are exempted from the surcharge disclosure requirements. No specific penalties are mentioned in the documents.
Whom does it apply to?
Operators and owners of ATMs, customers using ATMs, operators of point-of-sale devices
What does it govern?
Operation and sharing of automated teller machines (ATMs), imposition of surcharges on customers using ATMs, disclosure of fees at point-of-sale devices
What are exemptions?
Point-of-sale transactions at ATMs are exempted from the surcharge disclosure requirements
What are the Penalties?
No specific penalties mentioned in the documents
Jurisdiction
California