6.2-1137 - (Effective October 1, 2010) Off premises financial services. - Virginia Statutes

§ 6.2-1137. (Effective October 1, 2010) Off premises financial services.

A. As used in this section, "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 terminal,such as a telephone, a computer terminal, or a television set that is linkedto a state savings institution's electronic network by telephone or cabletelevision lines or other electronic means.

B. A state savings institution may utilize any electronic technology toprovide its customers with off premises financial services. Any such servicesprovided under this section are subject to the Electronic Funds Transfer Act(15 U.S.C. § 1693 et seq.) and Regulation E of the Federal Reserve Board.

(1985, c. 425, § 6.1-194.30; 1991, c. 230, § 6.1-194.123; 2010, c. 794.)