Code of Federal Regulations (Last Updated: November 8, 2024) |
Title 12 - Banks and Banking |
Chapter I - Comptroller of the Currency, Department of the Treasury |
Part 155 - Electronic Operations of Federal Savings Associations |
§ 155.200 - Use of electronic means and facilities.
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§ 155.200 How may I use or participate with others to use Use of electronic means and facilities?.
(a) General. A Federal savings association (“you”) may use, or participate with others to use, electronic means or facilities to perform any function, or provide any product or service, as part of an authorized activity. Electronic means or facilities include, but are not limited to, automated teller machines, automated loan machines, personal computers, the Internetinternet, the World Wide Web, telephones, and other similar electronic devices.
(b) Other. To optimize the use of your resources, you a Federal savings association may market and sell, or participate with others to market and sell, electronic capacities and by-products to third-parties, if you the savings association acquired or developed these capacities and by-products in good faith as part of providing financial services.