2011 New Mexico Statutes
Chapter 58: Financial Institutions and Regulations
Article 16: Remote Financial Service Units, 58-16-1 through 58-16-18
Section 58-16-14.1: Transaction fee.
58-16-14.1. Transaction fee.
A. A financial institution may charge a reasonable foreign transaction fee for use of an automated teller machine if the fee is disclosed:
(1) on a sign posted on the automated teller machine or in clear view of the customer while viewing the machine; or
(2) electronically during the course of the transaction in a manner that permits a customer to cancel the transaction without incurring the foreign transaction fee.
B. For the purpose of this section, "foreign transaction fee" means a fee charged for the use of an automated teller machine to a noncustomer of the financial institution that owns the machine.
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