Loan production office – rulemaking authority
(1) A bank may:
(a) establish and maintain a loan production office only after approval by the department; or
(b) relocate or close a loan production office after giving notice to its customers and the department.
(2) The department may adopt rules to implement this section.
| EnactedEn. SectionSec. 2, ChapterCh. 75, Laws ofL. 2019 (SB 58 - Salomon, Daniel (R) SD 47) |
| AmendedAmd. SectionSec. 12, ChapterCh. 23, Laws ofL. 2023 (HB 138 - Welch, Tom (R) HD 72) |