17-5570.   Same; definitions.For the purposes of this act: (a) The term "financial transactions"shall include receiving deposits of every kind and nature, receivingpayments payable to the savings and loan association and making withdrawalsfrom the customer's account, but such term shall not include opening anaccount or initiating a loan.

      (b)   The term "remote service unit" shall mean an electronic informationprocessing device, including associated equipment, structures and systems,through or by means of which information relating to financial servicesrendered to the public is stored and transmitted, whether instantaneouslyor otherwise, to a savings and loan association and which, for activationand account access, is dependent upon the use of a machine-readableinstrument, other than a passbook, in the possession and control of theholder of an account with a savings and loan association. The term "remoteservice unit" shall include "on-line" computer terminals and "on-line" or"off-line" automated cash dispensing machines and automated tellermachines, but shall not include computer terminals, automated cashdispensing machines or automated teller machines using systems in whichaccount numbers are not machine-read and verified.

      (c)   The term "savings and loan association" shall mean any statechartered savings and loan association in which deposits are insured or anyfederally chartered savings and loan association domiciled in this state.

      History:   L. 1975, ch. 128, § 3; July 1.