Okla. Stat. tit. 18, § 18-381.24b
This is the official text of Okla. Stat. tit. 18, § 18-381.24b, part of Oklahoma’s Stat. tit. 18, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 18,." Browse the sections below, each linked to its official government source.
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Detached facilities - Certificate - Making of loans
Official statutory text
prohibited - Penalty.
A. 1. Any association may maintain and operate, subject to the
approval of the State Banking Commissioner as evidenced by the
certificate of the Commissioner, outside attached facilities and
detached facilities on real property owned or leased by the
association having one or more tellers' windows for drive-in or
walk-up service or both.
Oklahoma Statutes - Title 18. Corporations Page 35
2. Any branch may maintain and operate outside attached
facilities having one or more tellers' windows for drive-in or walk-
up service or both on property owned or leased by the association.
B. 1. No association shall be permitted to maintain and
operate such additional outside facilities except upon certificate
issued by the Commissioner. The issuance of the certificates shall
rest solely in the discretion of the Commissioner.
2. The application for a certificate to maintain and operate a
detached facility shall comply with the rules of the Commissioner.
An application fee shall be payable to the Oklahoma State Banking
Department in an amount set by rule of the Commissioner.
3. Any association function may be performed at the facilities
except that of making loans. Upon the recommendation of the
Commissioner, the Attorney General shall bring an appropriate action
to enjoin an association from conducting the making of loans at such
facilities.
4. Any association validly operating a detached facility prior
to May 3, 1990, shall be granted a certificate to continue its
operation at such facility.
5. The provisions of this section shall not be construed in
derogation or denial of the right to operate and maintain facilities
as provided for in Sections 381.24c and 381.24d of this title.
C. A violation of any portion of this section shall be and
constitute a misdemeanor punishable upon conviction by a fine not
exceeding Five Hundred Dollars ($500.00). Each day's violation
shall constitute a separate offense.
D. Nothing contained in this section shall be construed to
limit the authority of federal savings associations to maintain and
operate outside or detached facilities in accordance with federal
law and regulations.
A. 1. Any association may maintain and operate, subject to the
approval of the State Banking Commissioner as evidenced by the
certificate of the Commissioner, outside attached facilities and
detached facilities on real property owned or leased by the
association having one or more tellers' windows for drive-in or
walk-up service or both.
Oklahoma Statutes - Title 18. Corporations Page 35
2. Any branch may maintain and operate outside attached
facilities having one or more tellers' windows for drive-in or walk-
up service or both on property owned or leased by the association.
B. 1. No association shall be permitted to maintain and
operate such additional outside facilities except upon certificate
issued by the Commissioner. The issuance of the certificates shall
rest solely in the discretion of the Commissioner.
2. The application for a certificate to maintain and operate a
detached facility shall comply with the rules of the Commissioner.
An application fee shall be payable to the Oklahoma State Banking
Department in an amount set by rule of the Commissioner.
3. Any association function may be performed at the facilities
except that of making loans. Upon the recommendation of the
Commissioner, the Attorney General shall bring an appropriate action
to enjoin an association from conducting the making of loans at such
facilities.
4. Any association validly operating a detached facility prior
to May 3, 1990, shall be granted a certificate to continue its
operation at such facility.
5. The provisions of this section shall not be construed in
derogation or denial of the right to operate and maintain facilities
as provided for in Sections 381.24c and 381.24d of this title.
C. A violation of any portion of this section shall be and
constitute a misdemeanor punishable upon conviction by a fine not
exceeding Five Hundred Dollars ($500.00). Each day's violation
shall constitute a separate offense.
D. Nothing contained in this section shall be construed to
limit the authority of federal savings associations to maintain and
operate outside or detached facilities in accordance with federal
law and regulations.
Status: in_force · Read it on the official government site
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