§ 1–405

Statutes in effect as of October 1, 2026.

Md. Code Ann., Fin. Inst. § 1-405 (2026)

Title 1. Definitions; General Provisions

Subtitle 4. Automated Teller Machines

(a)

“Foreign banking corporation” has the meaning stated in § 12-201(e) of this article.

(b)

A foreign banking corporation may not have an automated teller machine in this State for any purpose unless:

(1)

The foreign banking corporation obtains from the Commissioner a permit for the automated teller machine; or

(2)

The automated teller machine is authorized under:

(i)

The Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994 or other federal law; or

(ii)

Title 5, Subtitle 9 or Subtitle 10 of this article.

(c)

The process for obtaining a permit for the automated teller machine is as stated in §§ 12-208 and 12-209 of this article.