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Can you summarize MOCS Title 20, Division 1100?
Department of Commerce and Insurance > DIVISION OF CREDIT UNIONS
Short Summary
The provided legal document authorizes state credit unions in Missouri to use an ATM network exchange for electronic funds transfer and information exchange. It establishes guidelines for the use of ATMs at locations other than credit union premises. Credit unions are required to provide a ten-day prior notice to the director of the Division of Credit Unions and submit the agreement between the credit union and the interchange. The document allows the use of the ATM network interchange located in Missouri to access accounts located in this state or any other state. It references Federal Reserve Board Regulation E as the governing regulation for the rights, liabilities, and responsibilities of consumers and financial institutions related to ATMs. The authority for this document is section 370.070(10) of the Missouri Revised Statutes. No exemptions or penalties are mentioned.
Whom does it apply to?
State credit unions in Missouri
What does it govern?
State credit unions in Missouri, use of ATM network exchange for electronic funds transfer and information exchange
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Missouri