§ 104.702. Remote Service Units.

(a) An association may establish or use RSUs and participate with others in RSU operations in this state or other states. No RSU may be used to enable an accountholder to open a savings account or to establish a loan account.

(b) An association shall take all steps necessary to protect its interest in the financial services processed at each RSU, including acquisition of available fidelity, forgery and other appropriate insurance.

(c) An association shall establish and maintain safeguards acceptable to the Commissioner to insure the privacy and confidentiality of account information. An association shall allow accountholders to obtain any information concerning their RSU accounts. An association may not disclose account data to third parties, other than the Commissioner except generic data or data necessary to identify a transaction, unless express written consent of the accountholder is given, or applicable law requires.

(d) An association may operate an RSU according to an agreement with a third party or share computer systems, communication facilities, or services of another financial institution only if such third party agrees to abide by subsection (c) as to information concerning RSU accounts in the association. An association may share an RSU controlled by an institution not subject to examination by the Commissioner only if such institution has agreed in writing that the RSU is subject to examination by the Commissioner as deemed necessary.

(e) An association may impose service charges for RSU financial services.

(f) An association shall protect electronic data against fraudulent alterations or disclosure, shall provide a PSI to each accountholder, and require its use with a machine-readable, nontransferable device when accessing an RSU. Measures satisfactory to the Commissioner shall be taken for the installation, maintenance, and operation of security devices and procedures, reasonable in cost, to discourage robberies, burglaries and larcenies and to assist in the identification and apprehension of persons who commit such acts.

HISTORY

1. Renumbering and amendment of Section 103.702 to Section 104.702 filed 12-8-87; operative 1-7-88 (Register 87, No. 50).

Note

Note: Authority cited: Sections 6516, 6517 and 8053, Financial Code. Reference: Sections 6516 and 6517, Financial Code.