SECTION 91.406. Credit Union Service Contracts

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A credit union may enter into contractual agreements with one or more credit unions or other organizations for the purpose of engaging in authorized activities that relate to electronic data processing, electronic fund transfers, or other member services on behalf of the credit union. Agreements must be in writing and shall advise all parties that the activities and services may be subject to commission rules and examination by the commissioner to the extent permitted by law.

Source Note: The provisions of this §91.406 adopted to be effective March 14, 2004, 29 TexReg 2635

                    
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