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Section 23-32-208 - Sharing of customer-bank communication terminals — Arkansas Law | CourtGPT
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  2. Laws/
  3. Arkansas/
  4. Title 23 - Public Utilities and Regulated Industries (§§ 23-1-101 — 23-119-105)/
  5. Subtitle 2 - Financial Institutions and Securities/
  6. Chapter 32 - General Provisions Sub/
  7. Subchapter 2 - Powers and Duties of Financial Institutions Generally/
  8. Section 23-32-208 - Sharing of customer-bank communication terminals
Arkansas Legal Code
(a)(1) An agreement to share a customer-bank communication terminal, as defined by § 23-32-1301(2) [repealed], shall not prohibit, limit, or restrict the right of a financial institution from charging a customer-bank communication terminal usage fee.(2) The usage fee shall not exceed two dollars ($2.00) or two percent (2%) of the gross amount of the transaction, whichever is less, and may only be imposed if imposition of the fee is disclosed at a time and in a manner that allows a user to terminate or cancel the transaction without incurring the usage fee.(b)(1) For purposes of this section, 'usage fee' is a fee charged by a customer-bank communication terminal owner on transactions by a holder of a foreign bank card.(2) For purposes of this section, a 'foreign bank card' is a card eligible for use in a customer-bank communication terminal, which card is not issued by the customer-bank communication terminal owner.Acts 1997, No. 86, § 1.

(a)(1) An agreement to share a customer-bank communication terminal, as defined by § 23-32-1301(2) [repealed], shall not prohibit, limit, or restrict the right of a financial institution from charging a customer-bank communication terminal usage fee.(2) The usage fee shall not exceed two dollars ($2.00) or two percent (2%) of the gross amount of the transaction, whichever is less, and may only be imposed if imposition of the fee is disclosed at a time and in a manner that allows a user to terminate or cancel the transaction without incurring the usage fee.(b)(1) For purposes of this section, 'usage fee' is a fee charged by a customer-bank communication terminal owner on transactions by a holder of a foreign bank card.(2) For purposes of this section, a 'foreign bank card' is a card eligible for use in a customer-bank communication terminal, which card is not issued by the customer-bank communication terminal owner.Acts 1997, No. 86, § 1.

Section 23-32-208 - Sharing of customer-bank communication terminals

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