Bill sets out definition of ATM as electronic information processing device located in Arkansas that accepts/dispenses cash related to a financial transaction or credit card.
ATM definition as set out in bill is a customer-bank communication terminal.
Among other things, impairment to an ATM includes removal and interruption of use.
Legislative History
On Mar. 18, 2025, bill was introduced in senate; On Apr. 2, 2025, bill passed Senate.
On Apr. 2, 2025, bill was introduced in House; on Apr. 14, 2025, bill passed House.
On Apr. 15, 2025, bill was sent to governor; on Apr. 18, bill approved, now Act 757.
Effectiveness
Act effective 91 days after legislature adjourned sine die (May 5), so Aug. 4, 2025.
Regulators
ARK LEG
Entity Types
Bank
Reference
Bill SB511, Act 757, PR, 4/18/2025; Citation: *ARK LEG* 5-38-208;
