{"data":{"id":"us/12-cfr-7.1004","jurisdiction":"us","citation":"12 CFR 7.1004","heading":"Establishment of a loan production office by a national bank.","body":"(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.\n(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.","path":["Title 12—Banks and Banking","CHAPTER I—COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY","PART 7—ACTIVITIES AND OPERATIONS","Subpart A—National Bank and Federal Savings Association Powers"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-12.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:16Z","sha256":"d0d7454a3918ff8d18ae554160acffc53082a86f5599b0286edea9237e45122c","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-7.1003","next":"us/12-cfr-7.1005"},"notice":"GroundRules: Original legal text. Not legal advice."}