12 C.F.R. § 516.260   May OTS suspend processing of my application?


Title 12 - Banks and Banking


Title 12: Banks and Banking
PART 516—APPLICATION PROCESSING PROCEDURES
Subpart E—OTS Review
Standard Treatment

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§ 516.260   May OTS suspend processing of my application?

(a) Suspension. OTS may, at any time, indefinitely suspend processing of your application if:

(1) OTS, another governmental entity, or a self-regulatory trade or professional organization initiates an investigation, examination, or administrative proceeding that is relevant to OTS'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. OTS will promptly notify you, in writing, if it suspends your application.

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