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e-CFR
Data is current as of April 9, 2008

Title 12:
Banks and Banking
PART 516—APPLICATION PROCESSING PROCEDURES

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§ 516.1   What does this part do?

(a) This part explains OTS procedures for processing applications,
notices, or filings (applications). Except as provided in paragraph (b) of
this section, subparts A and E of this part apply whenever an OTS
regulation requires any person (you) to file an application with OTS.
Subparts B, C, and D, however, only apply when an OTS regulation
incorporates the procedures in the subpart or where otherwise required by
OTS.

(b) This part does not apply to any of the following:

(1) An application related to a transaction under section 13(c) or (k)
of the Federal Deposit Insurance Act, 12 U.S.C. 1823(c) or (k).

(2) A request for reconsideration, modification, or appeal of a final
OTS action.

(3) A request related to litigation, an enforcement proceeding, a
supervisory directive or supervisory agreement. Such requests include a
request seeking approval under, modification of, or termination of an
order issued under part 508 or 509 of this chapter, a supervisory
agreement, a supervisory directive, a consent merger agreement or a
document negotiated in settlement of an enforcement matter or other
litigation, unless an applicable OTS regulation specifically requires an
application under this part.

(4) An application filed under an OTS regulation that prescribes other
application processing procedures and time frames for the approval of
applications.

(c) If an OTS regulation for a specific type of application prescribes
some application processing procedures, or time frames, OTS will apply
this part to the extent necessary to process the application. For example,
if an OTS regulation for a specific type of application does not identify
time periods for the processing of an application, the time periods in
this part apply.

[66 FR 13000, Mar. 2, 2001]

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