§ 11-48-105 — Sharing

Colorado § 11-48-105

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

Text

(1) A financial institution shall make any
communications facility available to any similar financial institution for the use of
its account holders on the basis of fair, equitable, and nondiscriminatory standards
and charges. For purposes of this section, a savings and loan association is similar
to any other savings and loan association and a credit union is similar to any other
credit union. A communications facility on the premises of a financial institution is
not subject to the mandatory access provisions of this subsection (1). Such a facility
may but is not required to be made available for use by the account holders of any
similar financial institution.

(2) A financial institution may but is not required to make the use of any
communications facility available to a dissimilar financial institution and to any
state or national bank in this state for the use of its account holders. Any such use
shall be on a fair and reasonable contractual basis.

Legislative History

Source: L. 77: Entire article added, p. 554, � 3, effective May 20. L. 2013: (1) amended, (SB 13-154), ch. 282, p. 1472, � 31, effective July 1.