Loan Production Office

OFFICIALGETEASYLOAN.COM provides you all the information of the operation of a loan production office. This administrative regulation clarifies what banking operations may or may not be conducted at a loan production office.

A bank's board of directors may by resolution establish maximum dollar limits on the lending authority of officers located at a loan production office, and if the designated limits are consistent with bank wide limits on lending authority, the department will consider loans made by those officers under such limits to be approved at the principal office. A loan production office officer may therefore accept a loan application and act upon it without further action by the principal office.