(1) A financial institution shall file a notice with the Director of the Department of Consumer and Business Services within 30 days of establishing a loan production office in this state. The notice shall include:
(a) The name of the financial institution and address of the main office;
(b) The name and address of the loan production office; and
(c) The name and address of the officer of the financial institution responsible for loan production office activities.
(2) A notice shall be filed for each loan production office in this state.
(3) Each notice filed under subsection (1) of this section shall be:
(a) Accompanied by a nonrefundable fee of $100.
(b) Amended when there is a material change in the information provided pursuant to subsection (1) of this section. No fee is required for amendments.
(4) A financial institution shall notify the director of the closure of a loan production office in this state, the date of closure and the disposition of any records previously maintained at the loan production office subject to closure. No fee is required for a notice of closure. [1999 c.107 §5]Section: Previous 708A.200 708A.210 708A.250 708A.255 708A.260 708A.265 708A.270 708A.275 708A.290 708A.295 708A.300 708A.305 708A.310 708A.315 708A.320 Next
Last modified: August 7, 2008