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§ 1-404. Notice of fees

West's Annotated Code of MarylandFinancial Institutions

West's Annotated Code of Maryland
Financial Institutions
Title 1. Definitions; General Provisions
Subtitle 4. Automated Teller Machines (Refs & Annos)
MD Code, Financial Institutions, § 1-404
§ 1-404. Notice of fees
Currentness
Notice given at or before transaction is initiated
(a) At or before the time a transaction is initiated, the operator of an automated teller machine shall provide the person using the automated teller machine with notice of the fee to be charged by the operator for use of the automated teller machine by persons using access devices not issued by the operator.
Form of notice
(b)(1) The operator may give the notice required under subsection (a) of this section by either:
(i) Posting in a conspicuous place on or near the automated teller machine the amount of the fee; or
(ii) Listing the amount of the fee on the screen of the automated teller machine at the time the transaction is initiated.
(2) If the operator gives the notice in the manner provided by paragraph (1)(ii) of this subsection, the person using the automated teller machine shall be provided with the opportunity to cancel the transaction without incurring any fee.

Credits

Added by Acts 1999, c. 603, § 1, eff. Oct. 1, 1999.
MD Code, Financial Institutions, § 1-404, MD FIN INST § 1-404
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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