Single subscriber terminals; exemption.

  1. Law
  2. New Mexico Statutes
  3. Financial Institutions and Regulations
  4. Remote Financial Service Units
  5. Single subscriber terminals; exemption.

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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.

ANNOTATIONS

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.


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