New Hampshire Revised Statutes 383-B:7-704 – Loan Production Offices
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Terms Used In New Hampshire Revised Statutes 383-B:7-704
- state: when applied to different parts of the United States, may extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall include said district and territories. See New Hampshire Revised Statutes 21:4
A depository bank and foreign bank that is authorized to make loans may engage in the business of loan production. A loan production office is any place of business located within this state at which the bank engages solely in activities relating to loan production. A loan production office is not a branch office. A depository bank or foreign bank shall provide the commissioner with written notice of its intent to establish or relocate a loan production office under N.H. Rev. Stat. § 383-A:6-602 and may proceed to establish a loan production office after filing the notice without further action by the commissioner.