(a) A licensee may not change the place of business for which a license is issued, unless the licensee:
(1) notifies the Banking Board in writing of the proposed change; and
(2) receives the written consent of the Banking Board.
(b) The application for a change of place of business shall be approved, unless the Banking Board finds that the applicant has not conducted business under this chapter efficiently, fairly, in the public interest, and in accordance with all applicable laws and regulations.
(c) Notwithstanding subsection (a)(2) of this section, if the Banking Board does not approve or disapprove of the proposed change of place of business within 30 days of the mailing of the notice required under subsection (a)(1) of this section, the proposed change of place of business shall be deemed approved.
(d) After approval, the applicant for a change of place of business shall give written notice to the Banking Board within 10 days after the commencement of business at the additional or relocated office.
(e) Every licensee shall notify the Banking Board, in writing of the closing of any office not less than 10 days before such closing, and of the name, address, and position of each new principal, officer, member, partner or director not more than 10 days after such new principal, officer member, partner, or director assumes such position. Every licensee shall also provide such other information with respect to any changes as the Banking Board may reasonably require.