Code of Federal Regulations (Last Updated: November 8, 2024) |
Title 12 - Banks and Banking |
Chapter I - Comptroller of the Currency, Department of the Treasury |
Part 116 - APPLICATION PROCESSING PROCEDURES |
Subpart E - OCC Review |
Standard Treatment |
§ 116.260 - May the OCC suspend processing of my application?
Latest version.
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(a) Suspension. The OCC may, at any time, indefinitely suspend processing of your application if:
(1) The OCC, another governmental entity, or a self-regulatory trade or professional organization initiates an investigation, examination, or administrative proceeding that is relevant to the OCC's evaluation of your application;
(2) You request the suspension or there are other extraordinary circumstances that have a significant impact on the processing of your application.
(b) Notice. The OCC will promptly notify you, in writing, if it suspends your application.