Section 487.3418 - Loan production offices(1) Without notice to or approval of the commissioner, a savings bank may establish and operate a loan production office or loan production offices.(2) A savings bank may perform any of the following activities through a loan production office: (a) Receive loan applications.(c) Assemble information related to the approval of loans.(e) Disburse loan proceeds approved by the principal office or a branch.(f) Receive loan payments.(g) Any other activities as approved by rule, order, or declaratory ruling of the commissioner.1996, Act 354, Imd. Eff. 7/1/1996.