12 CFR 7.5008 - Location of a national bank conducting electronic activities.

Regulations last checked for updates: May 03, 2025

Title 12 - Banks and Banking last revised: Apr 15, 2025

View all text of Subpart E [§ 7.5000 - § 7.5010]

§ 7.5008 - Location of a national bank conducting electronic activities.

A national bank shall not be considered located in a State solely because it physically maintains technology, such as a server or automated loan center, in that state, or because the bank's products or services are accessed through electronic means by customers located in the state.

authority: 12 U.S.C. 1

source: 61 FR 4862, Feb. 9, 1996, unless otherwise noted.

cite as: 12 CFR 7.5008