Indiana Code 28-1-23.5-4. Electronic activities; statutory authorization; standards
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Sec. 4. (a) The director may determine whether an electronic activity by a financial institution is permitted under:
(2) IC 28-7-1, with respect to a credit union;
(1) IC 28-1-11, with respect to a bank;
Terms Used In Indiana Code 28-1-23.5-4
- electronic activity: refers to :
Indiana Code 28-1-23.5-2
- Statute: A law passed by a legislature.
(3) IC 28-6.1, with respect to a savings bank;
(4) IC 28-15, with respect to a savings association; or
(5) any other state statute that applies to a financial institution described in subdivisions (1) through (4).
(b) The director may establish standards or conditions designed to ensure that the electronic activities of financial institutions are:
(1) transacted as intended; and
(2) conducted safely and soundly, in accordance with other applicable statutes, regulations, or supervisory policies.
As added by P.L.10-2006, SEC.32 and P.L.57-2006, SEC.32.