When the terms listed below are used in Acts 1963, No. 227, as amended, or in these rules, or by the Supervisor of Savings and Loan Associations, the Savings and Loan Association Board, or the savings and loan industry, the following meanings shall apply, unless the context indicates otherwise:

1. (1)

   1. (A) “Branch facility” means a branch office or branch facility that may have all the powers, abilities, and authorities to conduct savings and loan business as is authorized to be conducted at the principal office of the association.

   2. (B) The staffed branch facility shall normally be open during all weekdays except recognized holidays during work hours and may have authority to:

      1. (i) Accept loan applications and to approve loans;
      2. (ii) Accept and to approve the opening of accounts;
      3. (iii) Accept deposits and withdrawals from accounts;
      4. (iv) Cash checks, drafts, or other commercial instruments; and
      5. (v) Accept payments of existing loans;
2. (2) “Service corporation” means a corporation that shall not constitute an association, a branch facility, or a service facility, unless such service corporation conducts itself or holds itself out to be an association, branch facility, or service facility; and

3. (3)

   1. (A) “Service facility” means a facility that shall be materially restricted in capability or specialized in use.
   2. (B) A service facility shall perform special services for the use of the public.
   3. (C) The aggregate of those special services shall be of such a nature as not to constitute a branch.

   4. (D) As a way of illustration but not limitation, the following shall constitute a service facility and not a branch:

      1. (i) A mechanical depository such as a night depository placed at a location other than the principal office or a branch office of an association;
      2. (ii) An unmanned electronic unit placed at a location other than the principal office or branch office of the association;
      3. (iii) A mortgage loan service facility located at a place other than the principal office or the branch office of an association provided such mortgage loan service facility is restricted solely to acceptance of payments and performing services on existing mortgages and the forwarding of new loan applications or other documents to the principal office or a branch of the association;
      4. (iv) Mechanical racks, displays, a booth at a fair, a mobile vehicle restricted solely to advertising and dispensing of applications or forms but not authorized to accept payments, deposits, or other documents; or
      5. (v) The use of a special agent at a location other than the principal office or a branch office of an association where the authority of the special agent is limited solely to forwarding documents but not any monies to a branch office or the principal office of an association.