Missouri Code of State Regulations
Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE
Division 1140 - Division of Finance
Chapter 16 - Association Branches and Other Facilities
Section 20 CSR 1140-16.040 - Drive-In or Pedestrian Facility
Current through Register Vol. 49, No. 18, September 16, 2024
PURPOSE: This regulation permits an association to establish a single drive-in or pedestrian facility for the home office or each branch office of an association. An application for permission to establish a drive-in or pedestrian facility need not be filed where this facility is within five hundred feet of a home or branch office, but an application must be filed with the director if the facility is more than five hundred feet and the requirements for an application are stated.
(1) An association, without prior approval of the director, may establish a single drive-in or pedestrian facility, in conjunction with the home office and each branch office of the association, which is not more than five hundred feet (500') from a public entrance to the office and which is closer to the entrance than it is to a public entrance of another association. The functions which may be performed at any such facility shall be limited to the ordinary functions performed at a teller window of the association.
(2) A drive-in or pedestrian facility that does not qualify under the preceding section may only be established with the specific approval of the director. Any application for such approval must contain a statement of the need for and a design of the facility and a map showing the location of the facility in relation to the office which it supplements and of all offices, located in the same vicinity, of any other association or federal association.
*Original authority: 369.299, RSMo 1971, amended 1994.
