§ 6.1-194.123. Off-premises financial services
A state savings bank may utilize any electronic technology to provide its customers with off-premises financial services. Any such services provided under this section are subject to the Electronic Funds Transfer Act (15 U.S.C. § 1693 et seq.) and Regulation E of the Federal Reserve Board. As used in this section, the term "off premises financial services" means the transfer of funds or financial information, or the performance of other transactions initiated by the customer by means of an electronic terminal located in such customer's residence or place of business, such as a telephone, a computer terminal or a television set that is linked to a state savings bank's computer by telephone or cable television lines or other electronic means.
(1991, c. 230.)
Sections: Previous 6.1-194.116 6.1-194.117 6.1-194.118 6.1-194.119 6.1-194.120 6.1-194.121 6.1-194.122 6.1-194.123 6.1-194.123:1 6.1-194.124 6.1-194.125 6.1-194.126 6.1-194.127 6.1-194.128 6.1-194.129 NextLast modified: April 2, 2009