1.  An application for authority to establish and operate one or more offices for mechanical tellers must be made to the Commissioner on the form prescribed by the Commissioner and accompanied by a fee of not more than $200 per teller. If the Commissioner approves the application, the financial institution must pay an annual fee of not more than $100 for each mechanical teller that it operates.

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

2.  The Commissioner shall adopt regulations establishing the amount of the fees required pursuant to this section.