No lobby or teller-line ATM or on-premises ATM shall be construed for any purpose to be a branch office of a financial institution under New Mexico law.
History: 1953 Comp., § 48-25-8, enacted by Laws 1977, ch. 359, § 8; 1989, ch. 218, §3; repealed and reenacted by Laws 1990, ch. 123, § 8.
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Section 58-16-10.1 - Repealed.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.