Sec. 1. 9-B MRSA §243-A, sub-§3, as corrected by RR 1997, c. 2, §36, is amended to read:

3. Agreement to share electronic terminals. An agreement to share electronic terminals may not prohibit, limit or restrict the right of a financial institution authorized to do business in this State to charge a customer any fees allowed by state or federal law, or require a financial institution to limit or waive its rights or obligations under this section. This subsection applies to all agreements to share use of electronic terminals in existence on or entered into after June 30, 1992 , except that a financial institution or credit union authorized to do business in this State may mutually agree with one or more other financial institutions or credit unions not to charge foreign transaction fees, as that term is defined in subsection 1, to the customers or members of those financial institutions or credit unions that are parties to the agreement.

SUMMARY

This bill permits banks and credit unions to enter into agreements not to impose surcharges on ATM transactions by the customers of those banks or members of those credit unions.