1. (a) As used in this section, "automated loan machine" means an unmanned machine that performs routine lending functions.

2. (b) A licensee may make loans through an automated loan machine at an offsite location if the licensee:

   1. (1) notifies the department in writing of the existence and location of the automated loan machine;
   2. (2) maintains at a location licensed or approved by the department the books, accounts, records, and files concerning transactions performed through the automated loan machine; and

   3. (3) posts at the offsite location where the automated loan machine is located the:

      1. (A) address where the books, accounts, records and files are located; and

      2. (B) telephone number at which the licensee may be contacted.

         [Pre-2026 Revision Citation: 24-4.5-3-505.5.]

As added by P.L.115-2026, SEC.97.