Sec. 19. (a) As used in this section, "financial institution" means any of the following:
(1) A bank, trust company, or mutual savings bank incorporated under Indiana law.
(2) A national banking association with its principal office in Indiana.
(3) A savings association operating under Indiana law.
(4) A federally chartered savings association with its principal office or a branch in Indiana.
(5) A federally chartered savings bank with its principal office or a branch in Indiana.
(6) A credit union chartered under Indiana law or United States law having its principal office in Indiana.
(b) The treasurer may designate one (1) or more financial institutions in the county as the treasurer's agent for collecting payments of taxes that are not delinquent.
(c) A designated financial institution may issue an official receipt of the treasurer for taxes the financial institution collects.
(d) A designated financial institution shall make a daily settlement with the treasurer for all taxes the financial institution collects.
(e) A designated financial institution is responsible for all taxes the financial institution collects.
(f) This section does not affect IC 5-13.