Single subscriber terminals shall be exempted from:
A. ownership limitations otherwise imposed on off-premises ATMs;
B. restricted geographic location;
C. consideration as a financial institution branch office; and
D. requirements for notice to the director.
History: 1978 Comp., § 58-16-17, enacted by Laws 1990, ch. 123, § 17.
Repeals and reenactments. — Laws 1990, ch. 123, § 18 repeals the Remote Financial Service Unit Act, as enacted by Laws 1977, ch. 359, §§ 1 to 17 and enacted a new Remote Financial Service Unit Act, effective May 16, 1990.
Structure New Mexico Statutes
Chapter 58 - Financial Institutions and Regulations
Article 16 - Remote Financial Service Units
Section 58-16-1 - Short title.
Section 58-16-2 - Purpose of act.
Section 58-16-3 - Definitions.
Section 58-16-4 - Restrictions on provision of financial services.
Section 58-16-5 - Point-of-sale terminals.
Section 58-16-6 - Use of automated teller machines.
Section 58-16-7 - POS terminal not considered a financial institution branch office.
Section 58-16-9 - Off-premises ATM considered a financial institution branch office.
Section 58-16-10 - Notice to director.
Section 58-16-10.1 - Repealed.
Section 58-16-11 - Restrictions on owning, leasing and operating.
Section 58-16-13 - Confidentiality.
Section 58-16-14 - Issuance of card; liability of cardholder; limits of liability.
Section 58-16-14.1 - Transaction fee.
Section 58-16-15 - Civil liability.
Section 58-16-16 - Criminal penalty.