7-1-303 - Joint operations and information exchange by institutions.
7-1-303. Joint operations and information exchange by institutions.
The commissioner may authorize institutions subject to the jurisdiction of the departmentto engage in such joint and cooperative actions as the commissioner finds will be in the publicinterest, including:
(1) mutual exchange of financial information as to depositors, borrowers, and othercustomers;
(2) joint use of facilities;
(3) joint operation of clearing houses and other facilities for payment of checks, drafts, orother instruments drawn on or issued by various classes of depository institutions;
(4) joint participation in lending programs to promote the public welfare;
(5) joint risk management services; and
(6) joint ownership, operation, or furnishing of electronic funds transfer services.
Amended by Chapter 378, 2010 General Session