§ 13.61. Definitions.
The following words and terms, when used in this section and § § 13.62—13.68, have the following meanings, unless the context clearly indicates otherwise:
Banking institution—(i) A bank, bank and trust company, trust company and savings bank, chartered under the laws of the Commonwealth.
(ii) A National bank.
(iii) A bank, bank and trust company, trust company and savings bank which is not regulated by the Office of Thrift Supervision, chartered under the laws of another state or territory of the United States.
Limited purpose banking office—An office of a banking institution which performs limited activities, such as those in § 13.63 (relating to permissible activities), on behalf of the banking institution but which does not:(i) Accept or pay out deposits.
(ii) Make loans.
(iii) Pay checks.
(iv) Accept or administer any type of accounts, including trust or other fiduciary accounts.
Non-Pennsylvania banking institution—A banking institution chartered under the laws of the United States, Puerto Rico or a state or territory of the United States other than the Commonwealth.
Pennsylvania banking institution—A banking institution chartered under the laws of the Commonwealth.
Cross References This section cited in 10 Pa. Code § 13.62 (relating to application); 10 Pa. Code § 13.63 (relating to permissible activities); 10 Pa. Code § 13.65 (relating to information required); 10 Pa. Code § 13.66 (relating to designation as a limited purpose banking office); and 10 Pa. Code § 13.67 (relating to authority of the Department).
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