6-606

6-606. Business limited to licensed locations;
restrictions

A. Except as provided in subsection B of this section, no licensee may conduct the
business of making consumer lender loans pursuant to this chapter under any name or at
any place of business in this state other than the name and place stated in the
licensee's consumer lender license or branch office license.

B. Subsection A of this section does not prohibit a licensee from:

1. Making consumer lender loans by mail or electronic means.

2. On request, making accommodations to consumers at any location requested by the
consumer.

3. Conducting any administrative, loan servicing or record keeping activity at any
other location not open to the public, if the superintendent is notified in advance of
that activity.

4. Closing a consumer lender loan secured by real property at an office of a
financial institution, title company, licensed escrow agent, licensed mortgage broker or
licensed mortgage banker.

5. Giving a consumer an advance on a consumer revolving loan or home equity
revolving loan from any location.

C. On approval by the superintendent, The licensee may conduct any of the
activities listed in subsection B of this section outside of this state.

D. A licensee may change the location of its licensed office or licensed branch
office by giving written notice to the superintendent, who shall amend the license
accordingly.

E. All consumer lender loans that are made at the location of a licensed office or
branch office are subject to the requirements of article 2 of this chapter, whether made
by a licensee, any person otherwise exempt from this chapter pursuant to section 6-602 or
any other person.

F. No licensee may conduct the business of making consumer lender loans pursuant to
this chapter from within any licensed office or branch office in which any other business
not licensed pursuant to this title is solicited or engaged in, or in association or
conjunction with any other business not licensed pursuant to this title, without giving
prior notice to the superintendent. If it appears to the superintendent that the other
business is of such a nature or is being conducted in such a manner as to conceal an
evasion of this chapter or is contrary to the public interest or otherwise being
conducted in an unlawful manner, the superintendent may act pursuant to section 6-137 to
restrict the licensee from conducting its business in conjunction with that other
business. For the purposes of this subsection "public interest" means the laws of this
state or of the United States or rules adopted by the superintendent.