Code of Federal Regulations (alpha)

CFR /  Title 12  /  Part 7  /  Sec. 7.4005 Combination of loan production office, deposit production

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. [64 FR 60100, Nov. 4, 1999] Sec. 7.4006 [Reserved]