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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 V - Office of Thrift Supervision, Department of the Treasury |
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Part 516 - Application Processing Procedures |
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Subpart A - Pre-Filing and Filing Procedures |
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Pre-Filing Procedures |
§ 516.15 - Must I meet with OTS before I file my application?
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§ 516.15 Must I meet with OTS before I file my application?
(a) Chart. To determine whether you must attend a pre-filing meeting before you file an application, please consult the following chart:
If you file * * * Then * * * (1) An application for permission to organize a de novo federal savings association You must meet with OTS before filing your application. You must submit a draft business plan before this meeting. (2) An application to convert an existing insured depository institution (other than a state-chartered savings association or a state-chartered savings bank) or a credit union to a federal savings association You must meet with OTS before filing your application. OTS may require you to submit a draft business plan or other relevant information before this meeting. (3) An application to acquire control of a savings association OTS may require you to meet with OTS before filing your application and may require you to submit a draft business plan or other relevant information before this meeting. (b) Contacting the Regional Office.
(1) You must contact the appropriate Regional Office a reasonable time before you file an application described in paragraph (a) of this section. Unless paragraph (a) already requires a pre-filing meeting or a draft business plan, the Regional Office will determine whether it will require a pre-filing meeting, and whether you must submit a business plan or other relevant information before the meeting. The Regional Office will also establish a schedule for any meeting and the submission of any information.
(2) All other applicants are encouraged to contact the appropriate Regional Office to determine whether a pre-filing meeting or the submission of a draft business plan or other relevant information would expedite the application review process.