Lobby or teller-line automated teller machines and on-premises automated teller machines not considered financial institutions.

  1. Law
  2. New Mexico Statutes
  3. Financial Institutions and Regulations
  4. Remote Financial Service Units
  5. Lobby or teller-line automated teller machines and on-premises automated teller machines not considered financial institutions.

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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History: 1953 Comp., § 48-25-8, enacted by Laws 1977, ch. 359, § 8; 1989, ch. 218, §3; repealed and reenacted by Laws 1990, ch. 123, § 8.

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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