Current through the 2024 legislative session
Section 13-1-801 - Definitions(a) For purposes of this article: (i) "Customer data" means a customer's banking, transaction and other financial data;(ii) "Express written consent" means a customer's affirmative written response to a clear and conspicuous notice regarding the collection, use or disclosure of customer data for the purposes of open banking;(iii) "Open banking" means providing access, directly or indirectly, to customer data from the customer's bank to a third-party financial service provider with the express written consent of the customer and through the use of application programming interfaces;(iv) "Customer" means a natural person or an agent, trustee or representative acting on behalf of a natural person.Amended by Laws 2024, ch. 63,§ 1, eff. 7/1/2024.Added by Laws 2023, ch. 87,§ 1, eff. 7/1/2024.This section is set out more than once due to postponed, multiple, or conflicting amendments.