A state- chartered bank, as agent, on behalf of one or more non-affiliated banks (whether state-chartered banks or national banks), as principal(s), may, in accordance with these rules, accept deposits, loan payments, or other payments from the customers of the principal(s), renew time deposits, close loans and service loans.

Authority: T.C.A. §§ 45-2-614(e), 45-1-107, and Public Chapter 85, Acts of 1989. Administrative History: Original rule filed July 28, 1993; effective November 18, 1993. Amendment filed August 31, 1998; effective December 29, 1998.