Except for those additional offices set forth in the alternative procedures established in §53.5 of this chapter, no association shall establish or maintain an office other than its home office without the prior written approval of the commissioner. An association's home office means the place where an association has its headquarters and from where all of its operations are directed. An authorized or approved office of an association means the place where the business of the association is conducted, and with the prior written consent of the commissioner may include facilities ancillary thereto for the extension of the association's services to the public. Any authorized or approved office of an association shall also mean, with the prior written consent of the commissioner, separate quarters or facilities to be used by the association for the purpose of performing service functions in the efficient conduct of its business. All offices of an association which are located outside the county of the domicile of its home office shall display a sign which is suitable to advise the public of the type of additional office which is located therein and the location of the home office of such association.

Source Note:The provisions of this §53.1 adopted to be effective January 1, 1976; amended to be effective May 29, 1985, 10 TexReg 1540; amended to be effective November 21, 1994, 19 TexReg 8861; amended to be effective January 2, 2014, 38 TexReg 9487.