The Commonwealth of Massachusetts
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PETITION OF:
The Commonwealth of Massachusetts
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PETITION OF:
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In the Year Two Thousand and Seven.
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Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
Section 3 of chapter 167B of the General Laws, as
appearing in the 1992 Official Edition, is hereby amended by striking out the
sixth paragraph and inserting in place thereof the following paragraph:—
No such electronic branch located at other than the office of a financial
institution shall be manned or operated at any time by an employee of any
financial institution, holding company of a financial institution or affiliate
thereof, or any organization except on a temporary basis for the purpose of
instructing operators or customers, servicing the electronic branch or for the
purposes of using such electronic branch on said employee’s own behalf. There
shall be conspicuously displayed on the screen of any electronic branch with a screen
a notice informing the customer the amount of fee, if any, that he will incur
by accessing such electronic branch or any system or network available through
the use of such electronic branch. Following such notice, the customer shall be
given the option of discontinuing the transaction. Adjacent to any electronic
branch that does not have a screen there shall be a notice to the customer that
fees or charges may be incurred by accessing such electronic branch or any
system or network available through the use of such electronic branch. Any such
fee or charge shall appear on any receipt provided to the customer and shall be
itemized on a per transaction basis in the periodic statement for each account
of a customer that may be accessed by means of an electronic funds transfer.