N.D. Admin. Code 13-02-15-03

Current through Supplement No. 394, October, 2024
Section 13-02-15-03 - Limitation

Loan production offices may not be established when the establishment of such offices would impair the applicant bank's capital structure. There are no population or geographic restrictions applied to such offices in the state of North Dakota. This chapter does not prohibit the establishment of a loan production office in North Dakota by banks located in other states provided the other state allows a North Dakota state-chartered bank to establish a loan production office in the other state.

N.D. Admin Code 13-02-15-03

Effective May 1, 1993; amended effective July 1, 2009.

General Authority: NDCC 6-01-04, 6-03-02

Law Implemented: NDCC 6-03-38