0001|                       SENATE MEMORIAL 2
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0002|     42ND LEGISLATURE - STATE OF NEW MEXICO - SECOND SESSION,
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0003|     1996
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0004|                         INTRODUCED BY
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0005|                     ELIZABETH T. STEFANICS
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0006|     
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0007|                                
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0008|     
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0009|     
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0010|     
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0011|                           A MEMORIAL
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0012|     REGARDING UNAUTHORIZED ELECTRONIC FUND TRANSFERS FROM CUSTOMER
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0013|     ACCOUNTS IN BANKS AND OTHER FINANCIAL INSTITUTIONS.
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0014|     
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0015|       WHEREAS, electronic fund transfers from banks and other
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0016|     financial institutions have become widespread; and
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0017|       WHEREAS, electronic fund transfers present previously
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0018|     unknown opportunities for unauthorized, fraudulent access to
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0019|     customer accounts; and
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0020|       WHEREAS, customers need protection from unauthorized,
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0021|     fraudulent access to their accounts, such as payment of
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0022|     insurance premimums not approved or other unathorized direct
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0023|     debit schemes;
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0024|       NOW, THEREFORE, BE IT RESOLVED BY THE SENATE OF THE STATE
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0025|     OF NEW MEXICO that bank and financial institution customer
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0001|     accounts be protected from unauthorized, fraudulent access
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0002|     through electronic fund transfers and similar means; and
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0003|       BE IT FURTHER RESOLVED that copies of this memorial be
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0004|     transmitted to the director of the financial institutions
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0005|     division of the regulation and licensing department.
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0006|                                        
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0007|   
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0008|                    FORTY-SECOND LEGISLATURE
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0009|                      SECOND SESSION, 1996
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0010|   
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0011|   
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0012|                                             February 8,  1996
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0013|   
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0014|   Mr. President:
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0015|   
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0016|     Your RULES COMMITTEE, to whom has been referred
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0017|   
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0018|                       SENATE MEMORIAL 2
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0019|   
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0020|   has had it under consideration and reports same with
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0021|   recommendation that it DO PASS, and thence referred to the
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0022|   CORPORATIONS AND TRANSPORTATION COMMITTEE.
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0023|   
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0024|                              Respectfully submitted,
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0025|   
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0001|   
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0002|   
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0003|                              __________________________________
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0004|                              Gloria Howes, Chairman 
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0005|   
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0006|   
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0007|   
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0008|   Adopted_______________________ Not Adopted_______________________
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0009|             (Chief Clerk)                          (Chief Clerk)
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0010|   
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0011|   
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0012|   
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0013|                     Date ________________________
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0014|   
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0015|   
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0016|   The roll call vote was<u> 5 </u> For <u> 0 </u> Against
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0017|   Yes:  5
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0018|   No:        0
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0019|   Excused:   Altamirano, Aragon, EJennings, Romero
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0020|   Absent:    0
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0021|   
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0022|   
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0023|   SM002RU1
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0024|     
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0025|   
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0001|                    FORTY-SECOND LEGISLATURE
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0002|                      SECOND SESSION, 1996
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0003|   
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0004|   
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0005|                                             February 12, 1996
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0006|   
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0007|   Mr. President:
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0008|   
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0009|     Your CORPORATIONS & TRANSPORTATION COMMITTEE, to
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0010|   whom has been referred
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0011|   
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0012|                       SENATE MEMORIAL 2
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0013|   
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0014|   has had it under consideration and reports same with
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0015|   recommendation that it DO PASS.
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0016|   
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0017|                              Respectfully submitted,
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0018|   
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0019|   
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0020|   
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0021|                              __________________________________
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0022|                              Roman M. Maes, III, Chairman 
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0023|   
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0024|   
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0025|   
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0001|   Adopted_______________________ Not Adopted_______________________
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0002|             (Chief Clerk)                          (Chief Clerk)
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0003|   
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0004|   
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0005|   
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0006|                     Date ________________________
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0007|   
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0008|   
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0009|   The roll call vote was <u> 6 </u> For <u> 1 </u> Against
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0010|   Yes:  6
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0011|   No:        Rawson
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0012|   Excused:   McKibben, Robinson
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0013|   Absent:    None
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0014|   
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0015|   
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0016|   SM0002CT1
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0017|   
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