A loan production office may not receive deposits in any form. All disbursements of loan proceeds must originate at the main office or a branch of the bank.

Source: 11 SDR 46, effective October 9, 1984; 12 SDR 151, 12 SDR 155, effective July 1, 1986; 25 SDR 39, effective September 23, 1998; 34 SDR 322, effective June 30, 2008.

General Authority: SDCL 51A-2-13.

Law Implemented: SDCL 51A-1-2(13) , 51A-2-13.