(1) Without notice to or approval of the commissioner, a savings bank may establish and operate a loan production office or loan production offices.

    (2) A savings bank may perform any of the following activities through a loan production office:

    (a) Receive loan applications.

    (b) Process loans.

    (c) Assemble information related to the approval of loans.

    (d) Close loans.

    (e) Disburse loan proceeds approved by the principal office or a branch.

    (f) Receive loan payments.

    (g) Any other activities as approved by rule, order, or declaratory ruling of the commissioner.