California Financial Code

§ 13081

FIN § 13081 Effective Jan 1, 1999Div. 4.5

Statute text

(a)In enacting this section, the Legislature finds and declares all of the following:

(1)It is in the best interest of consumers in this state to be aware of fees they may be charged for using point-of-sale devices prior to being obligated to pay those fees.

(2)In 1996, the Legislature enacted Assembly Bill 3366 (Chapter 98 of the Statutes of 1996), which required operators of automatic teller machines (ATMs) to electronically disclose fees for transactions at those ATMs. That legislation did not require disclosure of fees at point-of-sale devices.

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Legislative history

Amended by Stats. 1998, Ch. 485, Sec. 71. Effective January 1, 1999.