Sec. 4. (a) The director may determine whether an electronic activity by a financial institution is permitted under:
(1) IC 28-1-11, with respect to a bank;
(2) IC 28-7-1, with respect to a credit union;
(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.
Structure Indiana Code
Title 28. Financial Institutions
Article 1. Department of Financial Institutions
Chapter 23.5. Electronic Activity by Financial Institutions
28-1-23.5-1. Application of Chapter
28-1-23.5-2. "Electronic Activity"
28-1-23.5-4. Electronic Activities; Statutory Authorization; Standards
28-1-23.5-5. Electronic Activity Authorized as Part of Financial Institution's Business
28-1-23.5-6. Electronic Activity Incidental to Financial Institution's Business
28-1-23.5-7. Evaluation of Potential Risks; Authorization to Act
28-1-23.5-8. Activities Authorized for National Banks and Federal Credit Unions
28-1-23.5-9. Performing Authorized or Required Activities Through Electronic Means