Iowa Administrative Rules (Last Updated: December 07, 2016) |
Department 181. Commerce Department |
Division 187. Banking Division |
Chapter 10. ELECTRONIC TRANSFER OF FUNDS |
Section 187.10.6. Customer instruction in the use of a satellite terminal.
Latest version.
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Iowa Code subsection 527.5(4) prohibits employees of the establishing financial institution or affiliate from attending or operating a satellite terminal except on a temporary basis for the purpose of instructing customers in the proper use of the satellite terminal. For purposes of this rule, such temporary basis shall be defined to be no more than 30 calendar days from the date of initial operation of the satellite terminal. Satellite terminals located on the premises of the establishing financial institution are exempt from this restriction.
This rule is intended to implement Iowa Code subsection 527.5(4).