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Can you summarize NHRS 383-B:7-704?
DEPOSITORY BANK ACT > Loan Production Offices.
Short Summary
A depository bank and foreign bank that is authorized to make loans may engage in the business of loan production. A loan production office is any place of business located within this state at which the bank engages solely in activities relating to loan production. A loan production office is not a branch office. A depository bank or foreign bank shall provide the commissioner with written notice of its intent to establish or relocate a loan production office under RSA 383-A:6-602 and may proceed to establish a loan production office after filing the notice without further action by the commissioner. Source. 2015, 272:16, eff. Oct. 1, 2015. 2018, 184:4, eff. Aug. 7, 2018.
Jurisdiction
New Hampshire