12 CFR 7.1029
§ 7.1029 Combination of national bank loan production office, deposit production office, and remote service unit.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 7.1029, § 7.1029 Combination of national bank loan production office, deposit production office, and remote service unit, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/42973
- Permanent ID
ys:prov:42973@1- SHA-256
097071f9bdf3355e29980a3462be48507e3b1d1e47f46b3a3b1e6edca71ec1a7
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
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.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.