California Financial Code

§ 1070

FIN § 1070 Effective Jan 1, 2016Div. 1.1 · Ch. 4

Statute text

For purposes of this chapter, the following definitions apply:

(a)“Automated teller machine” means any electronic information processing device used by a financial institution and its customers for the primary purpose of executing transactions solely between the financial institution and its customers, if the transactions are not incidental to sales between the customer and a business entity other than a financial institution.

(b)“Branch office” means any office at which core banking business is conducted other than an automated teller machine, a device used to facilitate check guarantee or check authorization, or a remote service facility as defined in subsection (d) of Section 345.12 of Title 12 of the Code of Federal Regulations.

…

Legislative history

Amended by Stats. 2015, Ch. 190, Sec. 33. (AB 1517) Effective January 1, 2016.