A bill to provide rules respecting the use by depository institutions of electronic fund transfers.

Summary

Requires the approval of the appropriate regulatory agency before any depository institution may acquire or operate customer bank communication terminals for electronic funds transfers. Prohibits discrimination in the availability of terminals to other State depository institutions. Compels depository institutions who acquire or operate such terminals to take precautions, acceptable to the appropriate regulatory agency, to prevent unauthorized access to terminals, unauthorized disclosure of information concerning transactions, and unauthorized issuance or use of plastic cards or other means of customer access to terminals. Sets forth the allocation of liability for unauthorized use of a customer's plastic card or other means of access to terminals. Places specified customer service, disclosure requirements, and advertising restrictions on depository institutions operating terminals. Provides for the enforcement of this Act.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 1 November 1977

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.