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Code of Federal Regulations (Last Updated: May 6, 2024) |
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Title 12 - Banks and Banking |
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Chapter III - Federal Deposit Insurance Corporation |
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SubChapter B - Regulations and Statements of General Policy |
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Part 390 - Regulations Transferred from the Office of Thrift Supervision |
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Subpart F - Application Processing Procedures |
§ 390.132 - May the FDIC suspend processing of my application?
Latest version.
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§ 390.132 May the FDIC suspend processing of my application?
(a) Suspension. The FDIC may, at any time, indefinitely suspend processing of your application if:
(1) The FDIC, another governmental entity, or a self-regulatory trade or professional organization initiates an investigation, examination, or administrative proceeding that is relevant to the FDIC'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 FDIC will promptly notify you, in writing, if it suspends your application.