1.  A collection agency licensed in this State may apply to the Commissioner for a permit to operate a branch office in this State in a location not previously approved by its license.

2.  The Commissioner shall not issue a permit for a branch office until the principal office of the collection agency has been examined by the Commissioner and found to be satisfactory.

3.  A branch office must have a manager on the premises during regular business hours.

4.  The Commissioner shall adopt regulations concerning an application for a permit to operate a branch office.