1. (a) Loan Production Offices (Loan Offices). A savings association may, to the extent authorized by its board of directors, establish or maintain loan offices or loan production offices with the authority to take loan applications; originate; approve or make a credit decision; accept payments on loans; and manage or sell real estate owned by the association, unless such activity conflicts with state or federal law. A savings association shall notify the commissioner in writing prior to the opening or closing of a loan office or loan production office. Upon receipt of written consent by the commissioner, the establishment of such office shall be deemed an approved loan office or loan production office of the savings association. A loan office or loan production office is not a branch.
2. (b) Administrative Offices. A savings association may, to the extent authorized by its board of directors, establish or maintain administrative offices of the association. No savings deposits or loan applications may be accepted at an administrative office. A savings association shall notify the commissioner in writing prior to the opening or closing of an administrative office. Upon receipt of written consent by the commissioner, the establishment of such office shall be deemed an approved administrative office of the association.
3. (c) Deposit Production Offices. A savings association may, to the extent authorized by its board of directors, establish or maintain a deposit production office of the association. Such an office may solicit deposits, provide information about deposit products, and assist persons in completing application forms and related documents to open a deposit account. However, the deposit production office may not receive deposits or pay withdrawals, or make loans to a savings association customer; and all such deposit or withdrawal activity must be performed by the savings association customer either in person at the main office, branch office, or by mail, electronic transfer, or similar transfer method. A savings association shall notify the commissioner in writing prior to the opening or closing of a deposit production office. Upon receipt of written consent by the commissioner, the establishment of such office shall be deemed an approved deposit production office of the association. A deposit production office is not a branch.

Source Note:The provisions of this §53.5 adopted to be effective January 1, 1976; amended to be effective July 1, 1986, 11 TexReg 2809; amended to be effective September 1, 1987, 12 TexReg 2716; amended to be effective November 21, 1994, 19 TexReg 8861; amended to be effective January 6, 2011, 35 TexReg 11851; amended to be effective January 2, 2014, 38 TexReg 9487.