This bill aims to amend and reenact section 64-7-1 of the Code of West Virginia, 1931, to authorize the Division of Financial Institutions to create a legislative rule concerning the installation, operation, and sharing of customer bank communication terminals, as well as the use of a nonexclusive access interchange system. The specific rule referenced is identified as 106 CSR 07, which was filed in the State Register on July 23, 2025, under the authority of 31A-8-12b of the code. The bill emphasizes the importance of establishing clear guidelines for the operation and sharing of banking communication terminals, which are essential for facilitating customer transactions and ensuring efficient banking services. By granting the Division of Financial Institutions the authority to promulgate this rule, the legislation seeks to enhance the regulatory framework governing financial institutions in West Virginia.

Statutes affected:
Introduced Version: 64-7-1