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Can you summarize MOCS Title 20, Division 1140, Chapter 25?
DIVISION OF FINANCE > Association's Electronic Fund Transfer Systems
Short Summary
This regulation governs the operation of electronic fund transfer systems by associations. It defines key terms such as electronic fund transfer system, personal security identifier (PSI), and remote service unit (RSU). The regulation allows associations to establish and use RSUs on an unrestricted geographic basis, subject to the requirements of the Electronic Fund Transfer Act and Regulation E of the Federal Reserve Board. It also sets requirements for RSU access techniques, privacy of account data, security measures, supervision of RSUs, and home banking services. Additionally, it outlines conditions for out-of-state operation of RSUs by associations chartered in Missouri.
Whom does it apply to?
Associations
What does it govern?
Operation of electronic fund transfer systems by associations
What are exemptions?
No specific exemptions are mentioned in this regulation.
What are the Penalties?
No specific penalties are mentioned in this regulation.
Jurisdiction
Missouri