1. (a) The director may determine whether an electronic activity by a financial institution is permitted under:

   1. (1) IC 28-1-11 , with respect to a bank;
   2. (2) IC 28-7-1 , with respect to a credit union;
   3. (3) IC 28-6.1 , with respect to a savings bank;
   4. (4) IC 28-15 , with respect to a savings association; or
   5. (5) any other state statute that applies to a financial institution described in subdivisions (1) through (4).

2. (b) The director may establish standards or conditions designed to ensure that the electronic activities of financial institutions are:

   1. (1) transacted as intended; and
   2. (2) conducted safely and soundly, in accordance with other applicable statutes, regulations, or supervisory policies.

As added by P.L.10-2006, SEC.32 and P.L.57-2006, SEC.32.