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§ 58-16-6 NMSA 1978

Use of automated teller machines

Known as the Remote Financial Service Unit Act

The act spans §§ 58–58 (20 sections).

1953 Comp., § 48-25-6 as enacted by Laws 1977, ch. 359, § 6; 1985, ch. 231, § 3; repealed and reenacted by Laws 1990, ch. 123, § 6.

A. An ATM may only be used to initiate and complete one or more ATM transactions.

B. Any lobby or teller-line ATM and any on-premises ATM, including the associated structures, shall be owned or leased by one in-state financial institution.

C. An off-premises ATM, excluding the associated structure, shall be owned or leased and operated by one or more in-state financial institutions. The off-premises ATM shall be unmanned, having no person stationed at the terminal to assist the cardholder in the operation of the ATM except for demonstration or training purposes or to verify its accuracy.

Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.