§ 104.200. Terms Defined.

(a) Data processing means bookkeeping, recordkeeping and/or accounting by manual, mechanical or electronic methods.

(b) A service center is:

(1) A data processing unit of an association, located either on its premises or at its branch or service office, which, in addition to performing data processing for the association itself, performs such service for another association or other associations, or

(2) A jointly operated data processing unit owned and operated by two or more associations for the purpose of rendering data processing service for said associations, and for any other associations that have contracted for its services, or

(3) An independent facility which performs data processing operations for an association or associations and which is not operated by the personnel employed by the associations whose accounts are being serviced.

(c) The definitions set forth in Article 2, Chapter 1, Part 1, of the law (commencing with Section 5050) are incorporated herein by reference.

(d) “Authorized service corporation” means a service corporation whose articles of incorporation authorize it to provide data processing services.

HISTORY

1. Change without regulatory effect renumbering former Section 166 to Section 104.200 (Register 87, No. 14). For prior history, see Register 82, No. 33.

Note

Note: Authority cited: Section 5255, Financial Code. Reference: Section 8701, Financial Code.