{"data":{"id":"us-mi/mich.-comp.-laws-487.3418","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 487.3418","heading":"Loan production offices.","body":"Sec. 418.\n\nWithout notice to or approval of the commissioner, a savings bank may establish and operate a loan production office or loan production offices.\n\nA savings bank may perform any of the following activities through a loan production office:\n\nReceive loan applications.\n\nProcess loans.\n\nAssemble information related to the approval of loans.\n\nClose loans.\n\nDisburse loan proceeds approved by the principal office or a branch.\n\nReceive loan payments.\n\nAny other activities as approved by rule, order, or declaratory ruling of the commissioner.","path":["MI Code","Chapter 487","Act Act-354-of-1996"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-487-3418","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"dcedc47c1ee7c8d7266a793cd76009faad8d1c018101f27f47993f5f466f9f18","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-487.3417","next":"us-mi/mich.-comp.-laws-487.3419"},"notice":"GroundRules: Original legal text. Not legal advice."}