§ 390.132 - May the FDIC suspend processing of my application?  


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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.