Iowa Administrative Code
Agency 187 - Banking Division
Chapter 10 - Electronic Transfer of Funds
Rule 187-10.6 - Customer Instruction in the Use of a Satellite Terminal
Universal Citation: IA Admin Code 187-10.6
Current through Register Vol. 47, No. 13, December 25, 2024
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).
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