ARM 2.59.2036. LOAN PRODUCTION OFFICE ACTIVITIES

(1) A loan production office may conduct any of the following activities, which shall not, individually or collectively, cause the loan production office to be considered a branch: (a) solicit loans on behalf of the mutual association or a branch of the mutual association; (b) assemble credit information; (c) make property inspections and appraisals; (d) secure title information; (e) prepare applications for loans, including making recommendations with respect to action; and (f) solicit investors to purchase loans from the mutual association and to contract with the mutual association for servicing of such loans. (2) A mutual association shall not accept deposits or loan payments, originate deposits or savings or checking accounts, approve loans, or disburse loan funds at a loan production office established pursuant to this rule.