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 |
§ 116.280 - How will I know if my application has been approved?
Latest version.
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(a) OCC approval or denial. (1) The OCC will approve or deny your application before the expiration of the applicable review period, including any extensions of the review period.
(2) The OCC will promptly notify you in writing of its decision to approve or deny your application.
(b) No OCC action. If the OCC fails to act under paragraph (a)(1) of this section, your application is approved.