В§ 13.64. Impermissible tasks.
A restricted function banking workplace of the banking organization might not:
(1) Make business that is final, except that choices regarding the premises or workers associated with limited function banking office, for the account associated with the banking organization it represents, including contracting for or accepting any deposit or deposit-like liabilities with respect to the banking organization.
(2) Disburse loan funds, send funds, post loan repayments or perhaps accountable for making the last choices to accept loans.
(3) pertaining to a banking organization which possesses fiduciary abilities under its rules of incorporation, a restricted function banking workplace of these a banking organization might not do some of the following: make final choices regarding fiduciary account applications such as for instance accepting fiduciary or any other trust records, accept deposits for fiduciary or other trust reports or administer fiduciary reports. (more…)