Mich. Comp. Laws § 487.3418: Loan production offices.

Sec. 418.

Without notice to or approval of the commissioner, a savings bank may establish and operate a loan production office or loan production offices.

A savings bank may perform any of the following activities through a loan production office:

Receive loan applications.

Process loans.

Assemble information related to the approval of loans.

Close loans.

Disburse loan proceeds approved by the principal office or a branch.

Receive loan payments.

Any other activities as approved by rule, order, or declaratory ruling of the commissioner.