§ 13-1-502 — Remote electronic terminals

Wyoming § 13-1-502

• Jurisdiction: Wyoming
• Title 13: Banks, Banking and Finance
• Ch. 1: GENERAL PROVISIONS
• Art. 5: REMOTE ELECTRONIC BANKING FACILITIES

Text

(a) A Wyoming financial institution may operate remote
electronic terminals without geographic restriction, subject to
the requirements and limitations of this article. A financial
institution or person may operate remote electronic terminals in
this state without geographic restriction, subject to the
requirements and limitations of this article.
(b) Repealed by Laws 1992, ch. 46, § 2.
(c) Repealed By Laws 1999, ch. 42, § 3.
(d) A Wyoming financial institution shall not use a remote
electronic terminal to replace a branch bank unless the branch
bank is to be closed in accordance with the laws of this state
and unless the state banking commissioner has approved the
closure.
(e) Repealed By Laws 1999, ch. 42, § 3.
(f) A Wyoming financial institution, financial institution
or person operating remote electronic terminals in this state
may impose a transaction fee for the use of the remote
electronic terminal. The amount of the transaction fee shall be
disclosed by electronic display at a time and manner that allows
a user to terminate or cancel the transaction without incurring
the transaction fee.
(g) Repealed By Laws 1999, ch. 42, § 3.
(h) Repealed By Laws 1999, ch. 42, § 3.
(j) No person shall operate a remote electronic terminal
in this state unless the commissioner has approved a written
sponsorship agreement between the person and a Wyoming financial
institution or a financial institution having a place of
business in this state. Every sponsorship agreement shall
include the following information:
(i) The name, address and telephone number of the
owner of the remote electronic terminal;
(ii) The name and address of the institution;
(iii) The names of the network systems that will be
utilized;
(iv) A list of the location and address where each
remote electronic terminal covered by the agreement will be
located.
(k) An owner of a remote electronic terminal shall operate
the terminal in compliance with applicable federal, state and
local laws governing the management, operation and safety of the
terminal. No agreement to operate or share a remote electronic
terminal shall prohibit, limit or restrict the right of a
Wyoming financial institution or other financial institution
having a place of business in this state to charge a customer
any fee not prohibited by state or federal law. No agreement to
operate or share a remote electronic terminal shall require a
Wyoming financial institution or other financial institution
having a place of business in this state to limit or waive its
rights or obligations under this article.
(m) Repealed by Laws 2017, ch. 23, § 2.
(n) A Wyoming financial institution or person operating a
remote electronic terminal in this state who, after receiving
notice from the commissioner, fails to comply with any of the
provisions of this section or rule or regulation adopted
pursuant to this section, is guilty of a misdemeanor punishable
by a fine of not less than one hundred dollars ($100.00) nor
more than five thousand dollars ($5,000.00), imprisonment for
not more than one (1) year, or both.
(o) The attorney general, upon request from the
commissioner, may bring an action in a court of competent
jurisdiction for an injunction to enjoin a Wyoming financial
institution, a financial institution or person from violating
any of the provisions of this article or any rule adopted
pursuant to this article. No injunction shall be granted unless
the commissioner, prior to seeking the injunction, provided
written notice of the violation to the institution or person
sought to be enjoined.
(p) A Wyoming financial institution, financial institution
or person operating a remote electronic terminal in this state
may enter into an agreement with the department of state parks
and cultural resources to provide users a voluntary opportunity
to donate funds for the operation and maintenance of state
parks, historic sites and recreation areas. The opportunity for
donation shall be disclosed visually by electronic display in a
manner that suggests an amount of donation, allows a user to
designate the amount of the donation desired, or make no
donation if so desired by the user. No additional charges for
making the donation shall be charged to the user by the Wyoming
financial institution, financial institution or person operating
the remote electronic terminal. The department of state parks
and cultural resources and the Wyoming financial institution,
financial institution or person operating the remote electronic
terminal may include in the agreement provisions for retention
of a portion of the donated funds as an administrative fee in an
amount not to exceed ten percent (10%) of the donations
collected or five dollars ($5.00) per transaction, whichever is
less.