Tenn. Comp. R. & Regs. 0180-31-.02 - DEFINITIONS

(1) "Branch" means, with respect to a state bank, any place of business separated from the main office of a bank at which deposits are received, or checks paid or money lent;

(2) "Commissioner" means the Commissioner of the Department of Financial Institutions;

(3) "Loan Production Office" means an office established by a bank located at a place other than the principal or branch office for the purpose of soliciting and/or originating loans. The loan production office may not receive deposits, pay checks or lend money as those functions are reserved for branches.

(4) "Tennessee-chartered bank" means a bank chartered by the Tennessee Department of Financial Institutions pursuant to Title 45, Chapter 2 of the Tennessee Code Annotated.

Notes

Tenn. Comp. R. & Regs. 0180-31-.02

Original rule filed May 7, 2002; effective September 27, 2002.

Authority: T.C.A. §§ 45-1-103(4), 45-1-107; 45-2-601; 45-2-607, and 45-2-1603.