3 CCR 703-1-2 - OUT-OF-STATE OFFICES AND FACILITIES

2-1. In accordance with the provisions of C.R.S. 11-41-116, an association may operate offices located outside of the State of Colorado which engage in the functions specified under Section 1-1(b) and (d) for branch and loan offices.

2-2. The Commissioner will require, to the extent deemed applicable, the same procedure to be followed in the opening, relocation or closing of both in-state and out-of-state offices.

2-3. The association must comply with the applicable laws and regulations of the jurisdiction in which it is to operate. The Commissioner may require appropriate evidence of such compliance.

2-4. The Commissioner may, to the extent consistent with state law, enter into cooperative agreements with the appropriate supervisory authorities of other states regarding the examination and supervision of out-of-state offices.

Notes

3 CCR 703-1-2