Regulatory Alerts2022-08-02
DI-01-2006 Electronic Financial Terminal Policy
The Louisiana Office of Financial Institutions revised its Electronic Financial Terminal Policy to streamline the establishment and operation of off-site electronic financial terminals by state-chartered banks. The updated policy eliminates prior notice and newspaper publication requirements while mandating updated location records, board documentation of interested parties, and activity logs for mobile terminals. It further establishes a 14-day customer notice requirement for relocations or closures, outlines procedures for Indian tribal lands and out-of-state operations, and grants the Commissioner authority to waive specific requirements upon written request.
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