This bill amends Montana's banking laws to clarify that an interactive teller machine (ITM) does not qualify as a branch bank under specific conditions. The legislation introduces a definition for "interactive teller machine," describing it as an automated, unstaffed banking facility that allows customers to engage in core banking transactions and interact with bank personnel remotely. The bill also revises existing definitions in Sections 32-1-109 and 32-6-103 of the Montana Code Annotated (MCA) to incorporate this new definition and to include ITMs in the context of electronic funds transfers and electronic terminals.

In Section 32-1-109, the term "branch" is updated to explicitly exclude interactive teller machines, while Section 32-6-103 includes ITMs in the definitions related to electronic funds transfers and electronic terminals. The bill aims to modernize banking regulations in response to technological advancements in banking services, ensuring that ITMs are recognized as distinct from traditional branch banking operations.

Statutes affected:
LC Text: 32-1-109, 32-6-103
HB0434_1(1): 32-1-109, 32-6-103
HB0434_1(2): 32-1-109, 32-6-103
HB0434_1(3): 32-1-109, 32-6-103
HB0434_1(4): 32-1-109, 32-6-103
HB0434_1(5): 32-1-109, 32-6-103
HB0434_1: 32-1-109, 32-6-103
HB0434_X(1): 32-1-109, 32-6-103
HB0434_X(2): 32-1-109, 32-6-103
HB0434_X(3): 32-1-109, 32-6-103
HB0434_X(4): 32-1-109, 32-6-103
HB0434_X(5): 32-1-109, 32-6-103
HB0434_X(6): 32-1-109, 32-6-103
HB0434_X(7): 32-1-109, 32-6-103
HB0434_X(8): 32-1-109, 32-6-103
HB0434_X(9): 32-1-109, 32-6-103
HB0434_X: 32-1-109, 32-6-103