                                 CODE OF VIRGINIA

ESTABLISHMENT OF AUTOMATED TELLER MACHINES AND ELECTRONIC TERMINALS (§ 6.2-832)

A. No application to, or approval from, the Commission shall be required for a
bank to establish or operate an automated teller machine, cash-dispensing
machine, or similar electronic or computer terminal, regardless of whether it
(i) is located on bank premises or premises properly considered part of an
authorized office of the bank or (ii) receives or records deposits, disburses
loan proceeds, or provides for electronic fund transfers.

B. A Virginia state bank, as defined in &#xA7; 6.2-836, may establish and
operate such automated teller machines, cash-dispensing machines, or similar
electronic or computer terminals in the Commonwealth, provided the bank complies
with all Commonwealth and federal laws and regulations applicable to such
machines and terminals. An out-of-state bank, as defined in &#xA7; 6.2-836, may
establish and operate such automated teller machines, cash-dispensing machines,
or similar electronic or computer terminals in the Commonwealth, provided the
bank complies with all Commonwealth, home state and federal laws applicable to
such machines and terminals.

C. The Commission may adopt regulations affecting electronic fund transfers by
banks if it finds such regulations necessary for the protection of the public
interest.

HISTORY: 1997, c. 141, § 6.1-39.4:1; 2010, c. 794; 2015, cc. 19, 445.