Remote service unit means an information processing device, to be operated off-premises of an approved savings and loan office, including associated equipment structures and systems, by which information relating to financial services rendered the public is stored and transmitted simultaneously or otherwise to a financial institution. The term includes any facility which for activation and account access requires the use of an activator and personal identifier in the possession of the user and includes on-line computer terminals and on-line cash dispensing machines and automated teller machines. A remote service unit is not an office of the association within the meaning of the Texas Savings and Loan Act, §62.011.

Source Note:The provisions of this §53.11 adopted to be effective March 31, 1981, 6 TexReg 935; amended to be effective November 25, 1986, 11 TexReg 4622.