1.  Each licensee shall file in writing with the Board the address of each branch office and pay to the Board an annual fee of $50 for each branch office registered. Within 10 days after the establishment, closing or changing of location of a branch office, a licensee shall notify the Board in writing of that fact.

2.  Upon the application of a licensee and the prepayment of the fee, the Board may issue a certificate for a branch office.