04 NCAC 16C .0402. APPLICATION: GUIDELINES FOR APPROVAL BY ADMINISTRATOR

(a)  A savings institution may apply to the Administrator for permission to establish or use remote service units and participate with other parties in remote service unit operations, on an unrestricted geographic basis.  A savings institution may share a remote service unit controlled by a third party or an institution not subject to examination by a State regulatory agency only if such third party or institution has agreed in writing that the remote service unit is subject to such examination by the Administrator as he deems necessary.

(b)  Application for a remote service unit is accomplished through the execution of Form RSU.  This form can be obtained from and filed with the Division, at its mailing address.

(c)  The Administrator shall consider the following guidelines when reviewing an application to establish a remote service unit:

(1)           The policies, financial condition, and operation of the applicant afford no basis for supervisory objection.

(2)           The applicant shall obtain the prior written approval of the administrator to establish a remote service unit more than six months after the initial approval is granted.

 

History Note:        Filed as a Temporary Amendment Eff. October 2, 1991 for a period of 180 days to expire on

March 31, 1992;

Statutory Authority G.S. 54B‑55; 54B‑77; 54C‑53; 54C‑146;

Eff. April 1, 1982;

Amended Eff. February 15, 1992; July 1, 1990.