Texas Administrative Code
Title 7 - BANKING AND SECURITIES
Part 6 - CREDIT UNION DEPARTMENT
Chapter 91 - CHARTERING, OPERATIONS, MERGERS, LIQUIDATIONS
Subchapter D - POWERS OF CREDIT UNIONS
Section 91.407 - Electronic Notification
Universal Citation: 7 TX Admin Code ยง 91.407
Current through Reg. 49, No. 38; September 20, 2024
A credit union may, in accordance with written board policy, satisfy any "written" member notification requirement of the Act, commission rules, or the credit union's bylaws by electronic means provided:
(1) the member agrees in writing or electronically to use electronic instead of hard-copy notifications;
(2) the member has the ability to print or download the notification;
(3) evidence of the electronic notification is retained in accordance with §91.405 (relating to Records Retention); and
(4) both the credit union and the member have the capacity to receive electronic messages.
Disclaimer: These regulations may not be the most recent version. Texas may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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