§ 7.1029 - xxx

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§ 7.1029 xxx
Cross Reference
Combination of national bank loan production office, deposit production office, and remote service unit.
A location at which a national bank operates a loan production office (LPO), a deposit production office (DPO), and a remote service unit (RSU) is not a “branch” within the meaning of 12 U.S.C. 36(j) by virtue of that combination. Since an LPO, DPO, or RSU is not, individually, a branch under 12 U.S.C. 36(j), any combination of these facilities at one location does not create a branch. The RSU at such a combined location must be primarily operated by the customer with at most delimited assistance from bank personnel.
[85 FR 83732, Dec. 22, 2020
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§ 7.1029 - xxx

§ 7.1029 xxx

Cross Reference

Combination of national bank loan production office, deposit production office, and remote service unit.