Tenn. Comp. R. & Regs. 0180-12-.26

Current through January 8, 2025

Section 0180-12-.26 - REMOTE SERVICE UNITS

Any association may establish one or more service units in any county in which it may establish a branch. Such association shall have been profitable for a minimum period of twelve (12) months prior to application and total investments in remote service units shall not exceed 25% of the association's net worth. The Commissioner must be notified in writing thirty (30) days prior to the opening of each remote service unit.

Original rule certified June 10, 1974. Repeal and new rule filed June 30, 1980; effective September 15, 1980. Transferred from the Department of Commerce and Insurance by Executive Order Number 38; effective February 11, 1983.

Authority: T.C.A. § 45-3-302.