Sec. 8. (a) A financial institution described in section 1(1), 1(3), or 1(4) of this chapter may perform, provide, or deliver through electronic means or facilities any activity, function, product, or service that a national bank is specifically authorized to perform, provide, or deliver under 12 CFR 7.5000 et seq.
(b) A financial institution described in section 1(2) of this chapter may perform, provide, or deliver through electronic means or facilities any activity, function, product, or service that a federal credit union is specifically authorized to perform, provide, or deliver under Part 721 of the National Credit Union Administration's regulations (12 CFR 721.1 et seq.).
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