12 CFR § 7.1004 - Establishment of a loan production office by a national bank.

---
identifier: "/us/cfr/t12/s7.1004"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 7.1004 - Establishment of a loan production office by a national bank."
title_number: 12
title_name: "Banks and Banking"
section_number: "7.1004"
section_name: "Establishment of a loan production office by a national bank."
chapter_name: "COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY"
part_number: "7"
part_name: "ACTIVITIES AND OPERATIONS"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 1  25b, 29, 71, 71a, 92, 92a, 93, 93a, 95(b)(1), 371, 371d, 481, 484, 1462a, 1463, 1464, 1465, 1818, 1828, 3102(b), and 5412(b)(2)(B)."
regulatory_source: "61 FR 4862, Feb. 9, 1996, unless otherwise noted."
cfr_part: "7"
---


# 7.1004 Establishment of a loan production office by a national bank.

(a) *In general.* A national bank or its operating subsidiary may engage in loan production activities at a site other than the main office or a branch of the bank. A national bank or its operating subsidiary may solicit loan customers, market loan products, assist persons in completing application forms and related documents to obtain a loan, originate and approve loans, make credit decisions regarding a loan application, and offer other lending-related services such as loan information and applications at a loan production office without violating 12 U.S.C. 36 and 12 U.S.C. 81, provided that “money” is not deemed to be “lent” at that site within the meaning of § 7.1003 and the site does not accept deposits or pay withdrawals.

(b) *Services of other persons.* A national bank may use the services of, and compensate, persons not employed by the bank in its loan production activities.

[85 FR 83727, Dec. 22, 2020]