Sharing of communication terminals — Definitions

Ark. Code Ann. § 23-48-810 — under Organization and Operation.

Ark. Code Ann. § 23-48-810

(a) (1) An agreement to share a customer-bank communication terminal shall not prohibit, limit, or restrict the right of a bank from charging a customer-bank communication terminal usage fee.(2) The usage fee may be imposed only if imposition of the usage 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.

(1) An agreement to share a customer-bank communication terminal shall not prohibit, limit, or restrict the right of a bank from charging a customer-bank communication terminal usage fee.

(2) The usage fee may be imposed only if imposition of the usage 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.

(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.