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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 550 - Fiduciary Powers of Savings Associations |
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Subpart D - Terminating Fiduciary Activities |
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Revocation of Fiduciary Powers |
§ 550.570 - What procedures govern the revocation?
Latest version.
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§ 550.570 What procedures govern the revocation?
The procedures for revocation of fiduciary powers are set forth in 12 U.S.C. 1464(n)(10). The OTS will conduct the hearing required under 12 U.S.C. 1464(n)(10)(B) under part 509 of this chapter.