Subject to rules promulgated by the Banking Board, a bank may utilize employees of the bank to originate loans or originate deposit accounts, or both, at locations other than the main office or a branch office of such bank, provided that the loan decision is made and the loan is funded at the main office or a branch office of the bank and provided that no deposits shall be accepted or received at the deposit origination office. A bank may establish an office location described in this section by making an application to the State Banking Commissioner on a form prescribed by the Commissioner. An application fee of Five Hundred Dollars ($500.00) shall accompany the application.

Laws 1992, HB 2182, c. 295, § 3, emerg. eff. July 1, 1992; Amended by Laws 1996, HB 2214, c. 310, § 1, emerg. eff. July 1, 1996; Amended by Laws 1997, HB 2173, c. 111, § 53, emerg. eff. July 1, 1997 (superseded document available); Amended by Laws 2000, HB 2676, c. 205, § 17, emerg. eff. May 17, 2000 (superseded document available).