Loan Production Office Law and Legal Definition

According to 12 CFR 228.12 [Title 12 -- Banks and Banking; Chapter II -- Federal Reserve System; Subchapter A -- Board of Governors of the Federal Reserve System Part 228 -- Community Reinvestment (Regulation Bb); Subpart A – General], loan production office means “a staffed facility, other than a branch, that is open to the public and that provides lending-related services, such as loan information and applications.”