6.1-194.123 - (Repealed effective October 1, 2010) Off-premises financial services. - Virginia Statutes

§ 6.1-194.123. (Repealed effective October 1, 2010) Off-premises financialservices.

A state savings bank may utilize any electronic technology to provide itscustomers with off-premises financial services. Any such services providedunder this section are subject to the Electronic Funds Transfer Act (15U.S.C. § 1693 et seq.) and Regulation E of the Federal Reserve Board. Asused in this section, the term "off premises financial services" means thetransfer of funds or financial information, or the performance of othertransactions initiated by the customer by means of an electronic terminallocated in such customer's residence or place of business, such as atelephone, a computer terminal or a television set that is linked to a statesavings bank's computer by telephone or cable television lines or otherelectronic means.

(1991, c. 230.)