Section 384-B:7 Electronic Banking. - New Hampshire Statutes

   I. The bank commissioner may adopt rules pursuant to RSA 541-A permitting any bank, cooperative bank, or credit union to establish and maintain electronic devices or machines enabling its customers to communicate with such bank or credit union and to conduct certain transactions thereby, in the same manner, to the same extent and with comparable limitations as:
      (a) National banks operating within this state are permitted under rules of the Comptroller of the Currency or any successor thereto;
      (b) Federal savings and loan associations operating within this state are permitted under rules of the Office of Thrift Supervision or any successor thereto; or
      (c) Federal credit unions operating within this state are permitted under rules of the National Credit Union Administration or any successor thereto.
   II. Any rules adopted under the authority of this section shall require any bank, cooperative bank or credit union establishing and maintaining any such electronic device or machine to share such device or machine with any other bank, cooperative bank or credit union requesting participation therein subject to the payment by such other bank, cooperative bank or credit union of the reasonable costs of participation; and with any national bank, federal savings and loan association or federal credit union operating within the state which requests such participation, subject always to the payment of the reasonable costs of participation, provided the applicable rules of the Comptroller of the Currency, Office of Thrift Supervision or National Credit Union Administration governing the establishment and maintenance in this state of such electronic devices or machines by national banks, federal savings and loan associations or federal credit unions require sharing thereof with state-chartered banks or credit unions under terms and conditions no more restrictive than those contained in this section with respect to sharing between banks, cooperative banks or credit unions and national banks, federal savings and loan associations or federal credit unions.
   III. The presence of an authorized service representative of a bank at any such electronic device or machine for the purpose of assisting customers to engage in transactions shall not cause the electronic device or machine to become a ""branch office'' as defined in RSA 384-B:1, III.
   IV. [Repealed.]

Source. 1975, 233:1. 1983, 192:1. 1991, 107:2, 3. 1994, 250:6. 1997, 301:3, 9. 1998, 358:2, eff. Aug. 25, 1998.