| This bill provides for the regulation of cash-dispensing |
| machines operated by entities other than financial institutions |
| and credit unions. It requires registration by any operator |
| seeking to establish cash-dispensing machines in the State and |
| requires disclosure of the name, address and telephone number of |
| the operator of the machine; maintenance of a toll-free number |
| for consumer assistance; and disclosure of the name, address and |
| telephone number of the regulating agency. It also requires that |
| the customer be given the opportunity to cancel a transaction |
| without incurring any fee. In addition, it provides the Director |
| of the Office of Consumer Credit Regulation with regulation and |
| examination authority and provides for penalties for failure to |
| file notice and to comply with the provisions of this bill. |
