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Code of Federal Regulations (Last Updated: July 5, 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 E - OTS Review |
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Standard Treatment |
§ 516.240 - What may OTS require me to do after my application is deemed complete?
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§ 516.240 What may OTS require me to do after my application is deemed complete?
After your application is deemed complete, but before the end of the applicable review period,
(a) OTS may require you to provide additional information if the information is necessary to resolve or clarify the issues presented by your application.
(b) OTS may determine that a major issue of law or a change in circumstances arose after you filed your application, and that the issue or changed circumstances will substantially effect your application. If OTS identifies such an issue or changed circumstances, it may:
(1) Notify you, in writing, that your application is now incomplete and require you to submit additional information to complete the application under the procedures described at § 516.220; and
(2) Require you to publish a new public notice of your application under § 516.250.