§ 28-1-23.5-9 — Performing authorized or required activities through electronic means

Indiana § 28-1-23.5-9

• Jurisdiction: Indiana
• Art. 1: DEPARTMENT OF FINANCIAL INSTITUTIONS
• Ch. 23.5: Electronic Activity by Financial Institutions

Text

A financial institution may perform, provide,
or deliver through electronic means or facilities any activity, function,
product, or service that it is otherwise authorized or required to
perform, provide, or deliver by nonelectronic means or facilities,
subject to the following:
(1) The approval of the customer or member to or for whom the
activity, function, product, or service is performed, provided, or
delivered.
(2) The:
(A) safety and soundness requirements; and
(B) state or federal supervisory guidance;
that the director would apply if the activity were conducted by
nonelectronic means or facilities.

Legislative History

As added by P.L.10-2006, SEC.32 and P.L.57-2006, SEC.32.