New Mexico § 58-16-14.1 Transaction fee

New Mexico Statutes

§ 58-16-14.1 — Transaction fee

New Mexico § 58-16-14.1

Ch. 58Financial Institutions and Regulations

Art. 16Remote Financial Service Units

This text of New Mexico § 58-16-14.1 (Transaction fee) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 58-16-14.1 (2026).

Text

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.

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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.