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 150 - Fiduciary Powers of Federal Savings Associations |
Subpart A - Obtaining Fiduciary Powers |
§ 150.70 - Must I obtain OCC approval or file a notice before I exercise fiduciary powers?
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§ 150.70 Must I obtain OCC approval or file a notice before I exercise fiduciary powers?
Except for fiduciary activities subject solely to subpart E, you should refer to 12 CFR 5.26 to determine if you must obtain OCC approval or file a notice with the OCC before you exercise fiduciary powers. A Federal savings association may not exercise fiduciary powers unless it obtains prior approval from the OCC to the extent required under 12 CFR 5.26.
[80 FR 28480, May 18, 2015]