For the purposes of this article, the following terms shall have the following meanings:
(1) SERVICE PROVIDER. Any person, company, corporation, or other legal entity that provides a covered service listed in Section 5-3A-33 to a serviced bank.
(2) SERVICED BANK. Every bank, bank holding company, bank service company, or any subsidiary or affiliate of a bank that is subject to the supervision of the superintendent pursuant to Section 5-3A-1, and for which covered services are performed by a service provider.
Structure Code of Alabama
Title 5 - Banks and Financial Institutions.
Chapter 3A - Examinations of Banks; Reports of Banks.
Article 2 - Examination of Bank Services Providers Act.
Section 5-3A-30 - Short Title.
Section 5-3A-31 - Legislative Findings.
Section 5-3A-32 - Definitions.
Section 5-3A-33 - Regulation and Examination of Certain Service Providers; Covered Services.
Section 5-3A-34 - Confidentiality of Examination Reports; Availability of Copies.