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Can you summarize TNRR 0180-13?
Financial Institutions > Electronic Data Processing Servicer Examination and Contingency Planner
Short Summary
This document, part of the Rules and Regulations of the State of Tennessee for Financial Institutions, governs the examination of electronic data processing (EDP) servicers and the requirement for a contingency plan. It applies to state-chartered financial institutions and data centers that provide data processing services for these institutions. The document defines key terms such as ‘serviced institution,’ ‘servicer,’ and ‘state-chartered financial institution.’ It outlines the distribution policies and procedures for the commissioner’s examination report comments to serviced institutions. The document also requires state-chartered financial institutions to enter into written agreements with EDP servicers, notify the commissioner of such agreements, and provide certain information about the servicer’s current status. Additionally, it mandates that state-chartered financial institutions have a comprehensive contingency plan approved by their Board of Directors to minimize disruption of services in the event of a disaster. No specific exemptions or penalties are mentioned in this document.
Whom does it apply to?
State-chartered financial institutions and data centers providing data processing services for state-chartered financial institutions
What does it govern?
Electronic Data Processing Servicer Examination and Contingency Planner
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Tennessee