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§ 132 — 132 — U.S. Virgin Islands Law | CourtGPT
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U.S. Virgin Islands Legal Code

132

U.S. Virgin Islands § 132 — U.S. Virgin Islands law

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As used in this chapter, unless the text otherwise requires:\n(a) 'Consumer funds transfer facility' means an automated teller machine, including any supporting equipment, structures, or systems;\n(b)\n(1) 'Automated Teller Machine' means an unmanned, free-standing electronic information processing device that uses either the direct transmission of electronic impulses or the recording of electronic impulses or other indicia of a transaction for delayed transmission in order to perform financial transactions, or any other electronic device that, operating in conjunction with a processor and network, allows a consumer to debit an account in exchange for dispensing cash but does not mean a point of sale device.\n(2) 'Nonbank automated teller machine' means an automated teller machine owned or operated by any person other than a bank or foreign bank.\n(c) 'Financial transaction' means cash withdrawals, deposits, account transfers, payments from deposit, loan or thrift accounts, disbursements under a pre-authorized credit agreement, or loan payments and other similar transactions.\n(d) 'Office' means the Office of the Lieutenant Governor, Division of Banking, Insurance and Financial

ments under a pre-authorized credit agreement, or loan payments and other similar transactions.\n(d) 'Office' means the Office of the Lieutenant Governor, Division of Banking, Insurance and Financial Regulation.\n(e) 'Network' means a person engaging primarily in the establishment and maintenance of a computer-operated system of transmitting items and messages between banks, processors and automated teller machines or similar electronic devices.\n(f) 'Nonbank operator' means any person other than a bank or foreign bank that owns, leases, or otherwise legally controls an automated teller machine.\n(g) 'Processor' means a person who electronically acquires financial data emanating from a nonbank automated teller machine and relays such data to a network.\n(h) 'Servicing agent' means a person who contracts with a nonbank operator to provide consumer relations, financial record keeping or similar services in regard to an automated teller machine.