Current through November 25, 2024
Section DFI-SL 12.04 - Restrictions on access prohibited(1) GENERAL PROVISIONS. Except as provided in sub. (2), no association may directly or indirectly acquire, place or operate a remote service unit, and no association may participate in the acquisition, placement or operation of a remote service unit, unless the unit is available on a nondiscriminatory basis to the following financial institutions and their designated customers: (a) Any financial institution that has its home office in this state;(b) Any other association which is qualified to do business in this state and has obtained the written consent of a savings and loan association that has its home office in this state and is making use of the unit; and(c) Any other bank which is qualified to do business in this state and has obtained the written approval of a bank that has its home office in this state and is making use of the unit; and(d) Any other credit union which is qualified to do business in this state and has obtained the written consent of a credit union that has its home office in this state and is making use of the unit.(2) EXCEPTIONS. The temporary limitation of access to a remote service unit to designated customers of designated financial institutions for reasonable test periods determined by the division will not be deemed in violation of this section if approved by the division in writing. The division may approve such limitations if: (a) The division considers it necessary or desirable to permit restricted operation during periods of testing or experimentation; or(b) The division determines that the accommodation of additional users is beyond the capacity of existing equipment and a good faith effort is being made to accommodate them within a reasonable period of time determined by the division.Wis. Admin. Code Department of Financial Institutions DFI-SL 12.04
CR Register, June, 1989, No. 402, eff. 7-1-89.