SECTION 85:25-3-13. Agencies

  All agents of associations shall be subject to direction from the home office. All loans originated at agencies shall be approved at the home office. Without prior approval of the Board, no service corporation or agency owned by or representing a savings and loan association shall directly or indirectly through brokers or others:

(1)   Receive applications for, or deposits to, savings accounts or investment securities of any kind at any place within this State;

(2)   Assert or imply directly or indirectly or by means of the mail, television, radio, newspapers, magazines or other media that it is an agent or representative with whom savings accounts and investments may be discussed;

(3)   Distribute any of its advertising material concerning savings accounts within this state.

[Source: Transferred from 625:10-1-13 (see Editor’s Note at beginning of this Chapter)]