Subject to the provisions of §§53.1-53.5 of this title (relating to Additional Offices), the following types of additional offices may be established and maintained by a savings association.

1. (1) Branch offices at which the association, through its regularly employed personnel, may transact any business that could be done in the home office.
2. (2) Loan offices at which the association, through its regularly employed personnel, may receive and process applications for loans and contracts and manage or sell real estate owned by the association but at which no other business of the association is carried on.
3. (3) Mobile facilities at which the association, through its regularly employed personnel, may transact any business of the association that could be done in the home office except that loans, other than loans to borrowers on the security of their savings account shall not be approved at such facility and a detailed record of the transactions at such facility shall be maintained.
4. (4) Administrative offices at which the association, through its regularly employed personnel, may transact administrative functions of the association. Such office may be located separate and apart from the location of any other facility of the association. No savings deposits or loan applications may be accepted at an administrative office. All original records of the association shall be present and maintained at all times at the home office of the association.

Source Note:The provisions of this §53.2 adopted to be effective January 1, 1976; amended to be effective July 13, 1983, 8 TexReg 2345; amended to be effective November 21, 1994, 19 TexReg 8861.