Sec. 9. A financial institution may perform, provide, or deliver through electronic means or facilities any activity, function, product, or service that it is otherwise authorized or required to perform, provide, or deliver by nonelectronic means or facilities, subject to the following:
(1) The approval of the customer or member to or for whom the activity, function, product, or service is performed, provided, or delivered.
(2) The:
(A) safety and soundness requirements; and
(B) state or federal supervisory guidance;
that the director would apply if the activity were conducted by nonelectronic means or facilities.
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