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. History: 1978 Comp., § 58-16-14.1, enacted by Laws 1995, ch. 190, § 18.
New Mexico Legal Code