HARRY HUGHES, Governor                                       447

THAT MAY BE OTHER THAN ITS PRINCIPAL OR ANY BRANCH OFFICE.

(C) APPLICATION FOR TERMINAL; FILING FEE; NOTICE OF
FILING.

(1) THE SAVINGS AND LOAN ASSOCIATION SHALL:

(I) FILE WITH THE DIVISION DIRECTOR AN
APPLICATION FOR AN ELECTRONIC TERMINAL; AND

(II) PAY TO THE DIVISION OF SAVINGS AND
LOAN ASSOCIATIONS A $100 FILING FEE.

(2) THE APPLICATION SHALL INCLUDE AS TO EACH
PROPOSED ELECTRONIC TERMINAL:

(I) THE LOCATIONS;

(II) THE PHYSICAL SIZE AND OTHER
CHARACTERISTICS;

(III) THE CAPITAL INVESTMENT;

(IV)   THE SECURITY DEVICES TO BE INSTALLED;

(V)   THE SYSTEMS AND SAFEGUARDS TO BE USED
TO INSURE CONFIDENTIALITY AND PRIVACY OF THE ACCOUNT
INFORMATION OF CUSTOMERS; AND

(VI)   EVIDENCE OF SUFFICIENT FIDELITY,
FORGERY, AND OTHER APPROPRIATE INSURANCE TO PROTECT THE
INTEREST OF THE ASSOCIATION.

(3) THE DIVISION DIRECTOR SHALL PUBLISH A NOTICE
OF THE FILING IN THE MARYLAND REGISTER AS PROVIDED IN THE
STATE DOCUMENTS LAW.

(4) THE DIVISION DIRECTOR SHALL APPROVE AN
APPLICATION ONLY IF THE DIRECTOR FINDS THAT THE PROPOSED
TERMINAL WILL:

(I) PROMOTE THE PUBLIC INTEREST,
CONVENIENCE, AND ADVANTAGE; AND

(II) BE OPERATED EFFICIENTLY IN ACCORDANCE
WITH THIS TITLE.

(D) USES OF ELECTRONIC TERMINAL.

A SAVINGS AND LOAN ASSOCIATION MAY USE AN ELECTRONIC
TERMINAL TO ENABLE A CUSTOMER OF THE ASSOCIATION TO:

(1) DEPOSIT MONEY INTO AN ACCOUNT OF THE
CUSTOMER OF THE ASSOCIATION;

(2) TRANSFER MONEY FROM ANY ACCOUNT OF THE
CUSTOMER TO ANY OTHER ACCOUNT;