Ga. Comp. R. & Regs. R. 80-1-15-.06 - Representative Offices
(1)
A bank or bank holding company chartered by the Department or a subsidiary of
such bank or bank holding company may establish and maintain representative
offices upon registering such locations with the Department.
(2) A representative office shall be staffed
and accessible to the public.
(3) A
representative office may not engage in the banking business which includes,
but is not limited to, accepting deposits, opening deposit or savings accounts,
paying withdrawals, drafts, or checks, disbursing loan proceeds to the
borrower, or accepting payments.
(4) The combination of representative offices
with other facilities such as an automatic teller machine or cash dispensing
machine is permitted.
(5) In the
event a bank or bank holding company chartered by the Department or a
subsidiary of such bank or bank holding company closes a representative office,
notice must be provided to the Department prior to the closure in compliance
with Rule 80-1-1-.08.
Notes
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