Statutes, codes, and regulations
Tennessee Administrative Code
Title 0180 - Financial Institutions
Chapter 0180-13 - Electronic Data Processing Servicer Examination and Contingency Planning
Section 0180-13-.04 - CONTINGENCY PLAN REQUIRED

Tenn. Comp. R. & Regs. 0180-13-.04

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Current through October 22, 2024
Section 0180-13-.04 - CONTINGENCY PLAN REQUIRED

The Board of Directors of all state chartered financial institutions shall annually review and approve a comprehensive contingency plan that will minimize disruption of services to the institution and its customers, minimize financial loss and ensure a timely resumption of operations in the event of a disaster. This annual review and approval shall be noted in the minutes of the Board of Directors.

Tenn. Comp. R. & Regs. 0180-13-.04

Original rule filed February 19, 1985; effective May 14, 1985. Amendment filed July 13, 1992; effective October 25, 1992.

Authority: T.C.A. §§ 45-1-107, 45-2-616, 45-3-801, 45-4-1001 and 45-5-501.