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Can you summarize LAAC Title 10, Part III, Chapter 5, Section 515?

Subsidiary Mortgage Corporation > Automated Teller Machines Prohibited

Short Summary

A. No automated teller machine or similar electronic financial terminal whether owned by a parent bank or any other entity shall be located on the premises of any office of the subsidiary mortgage corporation. This prohibition shall not apply if the subsidiary mortgage corporation is located on the premises of a duly approved branch or main office of a parent bank. AUTHORITY NOTE: Promulgated in accordance with R.S. 6:237(B). HISTORICAL NOTE: Promulgated by the Department of Commerce, Office of Financial Institutions, LR 13:740 (December 1987).

Jurisdiction

Louisiana

Source
LAAC Title 10, Part III, Chapter 5, Section 515 [https://reggi.cloud.regology.com/regulations/US-LAAC/US-LAAC_T_10_P_III_C_5_S_515]