17-5570.Same; definitions.
For the purposes of this act: (a) The term "financial transactions"
shall include receiving deposits of every kind and nature, receiving
payments payable to the savings and loan association and making withdrawals
from the customer's account, but such term shall not include opening an
account or initiating a loan.
(b) The term "remote service unit" shall mean an electronic information
processing device, including associated equipment, structures and systems,
through or by means of which information relating to financial services
rendered to the public is stored and transmitted, whether instantaneously
or otherwise, to a savings and loan association and which, for activation
and account access, is dependent upon the use of a machine-readable
instrument, other than a passbook, in the possession and control of the
holder of an account with a savings and loan association. The term "remote
service unit" shall include "on-line" computer terminals and "on-line" or
"off-line" automated cash dispensing machines and automated teller
machines, but shall not include computer terminals, automated cash
dispensing machines or automated teller machines using systems in which
account numbers are not machine-read and verified.
(c) The term "savings and loan association" shall mean any state
chartered savings and loan association in which deposits are insured or any
federally chartered savings and loan association domiciled in this state.
17-5570.Same; definitions.
For the purposes of this act: (a) The term "financial transactions"
shall include receiving deposits of every kind and nature, receiving
payments payable to the savings and loan association and making withdrawals
from the customer's account, but such term shall not include opening an
account or initiating a loan.
(b) The term "remote service unit" shall mean an electronic information
processing device, including associated equipment, structures and systems,
through or by means of which information relating to financial services
rendered to the public is stored and transmitted, whether instantaneously
or otherwise, to a savings and loan association and which, for activation
and account access, is dependent upon the use of a machine-readable
instrument, other than a passbook, in the possession and control of the
holder of an account with a savings and loan association. The term "remote
service unit" shall include "on-line" computer terminals and "on-line" or
"off-line" automated cash dispensing machines and automated teller
machines, but shall not include computer terminals, automated cash
dispensing machines or automated teller machines using systems in which
account numbers are not machine-read and verified.
(c) The term "savings and loan association" shall mean any state
chartered savings and loan association in which deposits are insured or any
federally chartered savings and loan association domiciled in this state.
17-5570.Same; definitions.
For the purposes of this act: (a) The term "financial transactions"
shall include receiving deposits of every kind and nature, receiving
payments payable to the savings and loan association and making withdrawals
from the customer's account, but such term shall not include opening an
account or initiating a loan.
(b) The term "remote service unit" shall mean an electronic information
processing device, including associated equipment, structures and systems,
through or by means of which information relating to financial services
rendered to the public is stored and transmitted, whether instantaneously
or otherwise, to a savings and loan association and which, for activation
and account access, is dependent upon the use of a machine-readable
instrument, other than a passbook, in the possession and control of the
holder of an account with a savings and loan association. The term "remote
service unit" shall include "on-line" computer terminals and "on-line" or
"off-line" automated cash dispensing machines and automated teller
machines, but shall not include computer terminals, automated cash
dispensing machines or automated teller machines using systems in which
account numbers are not machine-read and verified.
(c) The term "savings and loan association" shall mean any state
chartered savings and loan association in which deposits are insured or any
federally chartered savings and loan association domiciled in this state.