Okla. Stat. tit. 6, § 6-424: Origination of loans at locations other than main office or

branch office – Out-of-state banks – Loan and deposit production

offices.

A. Subject to rules promulgated by the Banking Board, a bank or

out-of-state bank may utilize employees or agents of the bank or

out-of-state bank to originate loans or originate deposit accounts,

or both, at locations other than the main office or a branch office

of such bank or out-of-state bank, provided that the loan decision

is made and the loan is funded at the main office or a branch office

of the bank or out-of-state bank and provided that no deposits shall

be accepted or received at the deposit origination office. A bank

or out-of-state bank may establish an office location described in

this section by making an application to the State Banking

Commissioner on a form prescribed by the Commissioner. An

application fee of Five Hundred Dollars ($500.00) shall accompany

the application.

B. An office shall be considered to be a loan production office

if it is open to the public, and employees or agents of the bank or

out-of-state bank:

1. Provide loan applications to customers;

2. Facilitate the return of the loan application to the bank or

out-of-state bank;

3. Provide promissory notes and/or disclosures to customers;

4. Receive executed notes from customers; or

5. Arrange for the loan proceeds to be delivered to the

customer.

C. An office shall be considered to be a deposit production

office if it is open to the public, and employees or agents of the

bank or out-of-state bank:

1. Provide deposit applications to customers;

2. Facilitate the return of the deposit application to the bank

or out-of-state bank;

3. Provide deposit agreements and/or disclosures to customers;

4. Receive executed deposit agreements from customers; or

5. Arrange for the deposited funds to be delivered to the bank.

D. The Commissioner or the Board may, upon written request of a

bank or out-of-state bank, designate or approve of specified

activities (including a limited number of those described in

subsections B and C of this section) that a bank or out-of-state

bank may conduct without the facility being considered a loan

production office or deposit production office. For purposes of

this section, the word “agent” shall include independent

contractors, or any other “institution affiliated party” as that

term is defined in 12 U.S.C., Section 1813(u).