§ 116.210 - What will the OCC do after I file my application?  


Latest version.
  • (a) OCC action. Within 30 calendar days after the filing date of your application, the OCC will take one of the following actions:

    If the OCC .  .  .Then .  .  .
    (1) Notifies you, in writing, that your application is complete *  *  *The applicable review period will begin on the date that the OCC deems your application complete.
    (2) Notifies you, in writing, that you must submit additional information to complete your application *  *  *You must submit the required additional information under §116.220.
    (3) Notifies you, in writing, that your application is materially deficient *  *  *The OCC will not process your application.
    (4) Takes no action *  *  *Your application is deemed complete. The applicable review period will begin on the day the 30-day time period expires.

    (b) Waiver requests. If your application includes a request for waiver of an information requirement under §116.25(b), and the OCC has not notified you that you must submit additional information under paragraph (a)(2) of this section, your request for waiver is granted.