§ 11-48-100.3 — Definitions

Colorado § 11-48-100.3

• Jurisdiction: Colorado
• Title 11: Financial
• Art.: Electronic Funds Transfers for Financial

Text

As used in this article 48, unless the context
otherwise requires:

(1) Communications facility means an attended or unattended electronic
information processing device, other than an ordinary telephone instrument,
located in this state separate and apart from a financial institution and through
which account holders and financial institutions may engage in transactions by
means of either the instant transmission (online) of electronic impulses to and from
the financial institution or its data processing agent or the recording of electronic
impulses or other indicia of a transaction for delayed transmission (off-line) to a
financial institution or its data processing agent. Such a device located on the
premises of a financial institution shall be a communications facility if such device
is utilized by the account holders of other financial institutions.

(2) Financial institution means:

(a) Any savings and loan association organized under article 41 of this title 11
or under federal law and having its principal office in this state; and

(b) Any credit union organized under article 30 of this title 11 or federal law
and having its principal office in this state.

Legislative History

Source: L. 2025: Entire section added with relocations, (SB 25-275), ch. 377, p. 2040, � 52, effective August 6.