§7.5003. Composite authority to engage in electronic activities.
12 C.F.R. § 7.5003
Unless otherwise prohibited by Federal law, a national bank may engage in an electronic activity that is comprised of several component activities if each of the component activities is itself part of or incidental to the business of banking or is otherwise permissible under Federal law.
Notes, amendments, and revision history
Source
Source: 67 FR 35004, May 17, 2002, unless otherwise noted.
Authority
Authority: 12 U.S.C. 1 et seq., 25b, 29, 71, 71a, 92, 92a, 93, 93a, 95(b)(1), 371, 371d, 481, 484, 1462a, 1463, 1464, 1465, 1818, 1828, 3102(b), and 5412(b)(2)(B).
Source
Source: 61 FR 4862, Feb. 9, 1996, unless otherwise noted.