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Can you summarize NYCL GBS 399-Y*2?
Miscellaneous > Automated teller machine fee disclosure
Short Summary
This legal document governs the disclosure of fees for automated teller machines (ATMs). It applies to automated teller machine operators who operate ATMs where consumers can make financial transactions. The document states that an operator cannot impose a fee on a consumer using the machine unless the operator provides notice and the consumer elects to continue the transaction after receiving the notice. The notice must be provided on the screen or on a paper issued from the machine before the consumer is committed to completing the transaction. It must clearly state that a fee is imposed, the amount of the fee, and that the consumer may cancel the transaction without being charged a fee. Failure to comply with these requirements may result in a civil penalty of up to two hundred fifty dollars per transaction. There are no exemptions mentioned in this document.
Whom does it apply to?
Automated teller machine operators
What does it govern?
Automated teller machine fee disclosure
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
A civil penalty not to exceed two hundred fifty dollars per transaction
Jurisdiction
New York