12 C.F.R. § 980.4 Commencement of new business activities.
Title 12 - Banks and Banking
A Bank may commence a new business activity: (a) Sixty days after receipt by the Finance Board of the notice of new business activity under §980.3, if the Finance Board has not issued to the Bank a notice as described in §980.5(a)(1) through (4); (b) In the case of the acceptance of collateral enumerated under §950.7(a)(4) of this chapter, immediately upon receipt by the Finance Board of a notice of new business activity under §980.3; or (c) Immediately upon issuance by the Finance Board of a letter of approval under §980.6.
Title 12: Banks and Banking
PART 980—NEW BUSINESS ACTIVITIES
§ 980.4 Commencement of new business activities.
