1. (a) Each application for permission to establish a branch office shall state the proposed location thereof; the location of other offices of the applicant and other associations within the community; the need therefore; the personnel and office facilities to be provided; the estimated annual volume of business, income, and expense of such office; and shall be accompanied by a proposed annual budget of the applying association. An association may file additional applications from branch offices. Each application shall be processed in the same manner as required for any other branch application. Each application for a branch office shall be set for hearing, notice given, hearing held, and decision reached in the same manner and within the time as provided in this chapter for new charter applications, and the hearing may be dispensed with under the same conditions.
2. (b) Upon request, the commissioner shall furnish approved forms of the application and other information to aid in the filing of the application. After the application and its supporting data have been received by the commissioner, he shall make or cause to be made an investigation of the application. The Savings and Loan Department hereby adopts by reference the application for a branch office as amended July 1987.

Source Note:The provisions of this §53.3 adopted to be effective January 1, 1976; amended to be effective March 31, 1981, 6 TexReg 935; amended to be effective May 29, 1985, 10 TexReg 1540; amended to be effective September 1, 1987, 12 TexReg 2716.