https://www.taxtmi.com/news?id=74176 Technology-based recovery mechanisms cannot restrict or disable a borrower's mobile device unless the bank financed acquisition of that device. Where permitted, banks must adopt a gradual approach and preserve essential functions, including incoming calls, SMS access, and emergency SOS features. Regulated entities and service providers must obtain manufacturer or operating-system certification for device-locking technology. Disclosure of borrower or guarantor information to recovery personnel must be limited to what is necessary for loan-recovery duties. en-us Thu, 06 Aug 2026 20:46:04 +0530 Thu, 06 Aug 2026 20:46:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=74176 Technology-based recovery mechanisms cannot restrict or disable a borrower's mobile device unless the bank financed acquisition of that device. Where permitted, banks must adopt a gradual approach and preserve essential functions, including incoming calls, SMS access, and emergency SOS features. Regulated entities and service providers must obtain manufacturer or operating-system certification for device-locking technology. Disclosure of borrower or guarantor information to recovery personnel must be limited to what is necessary for loan-recovery duties. News - Thu, 06 Aug 2026 20:46:04 +0530 https://www.taxtmi.com/news?id=74176