Sec. 4. (a) The director may determine whether an electronic activity by a financial institution is permitted under: (1) IC 28-1-11, with respect to a bank; (2) IC 28-7-1, with respect to a credit union; (3) IC 28-6.1, with respect to a savings bank; (4) IC 28-15, with respect to a savings association; or (5) any other state statute that applies to a financial institution described in subdivisions (1) through (4). (b) The director may establish standards or conditions designed to ensure that the electronic activities of financial institutions are: (1) transacted as intended; and (2) conducted safely and soundly, in accordance with other applicable statutes, regulations, or supervisory policies.
As added by P.L.10-2006, SEC.32 and P.L.57-2006, SEC.32.