§ 104.201. Blanket Authority -Conditions.

Blanket authority is hereby granted to any association or its authorized service corporation to contract for data processing services with any service center described in Section 166(b) hereof, provided the association or its authorized service corporation which contracts for the data processing services files a written report with the commissioner within 10 days after the execution of the contract disclosing the following:

(a) The date that a written contract was executed by the association or its authorized service corporation and a service center;

(b) That a copy of the contract is retained in the association's files for examination by the commissioner; and

(c) That the contract meets the requirements of instructions issued by the commissioner.

HISTORY

1. Change without regulatory effect renumbering former Section 167 to Section 104.201 (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.