1. (1) Serviced Institution — a state-chartered financial institution which receives data processing services.
2. (2) Servicer — any data center which provides data processing services for state-chartered financial institutions.
3. (3) State chartered financial institution — for the purpose of this rule, state-chartered financial institutions include those financial institutions which are chartered and regulated by the department of financial institutions, which institutions shall include, but are not limited to, state-chartered banks, credit unions, savings and loan associations, industrial investment companies, industrial loan and thrift companies and trust companies.

Authority: T.C.A. §§ 45-1-107, 45-2-616, 45-3-801, 45-4-1001 and 45-5-501. Administrative History: Original rule filed February 19, 1985; effective May 14, 1985.