Current through April 30, 2021
Section 238.74 - Filing and processing procedures(a)Filing notice - (1)Content. The notice required in §238.73 shall be filed with the appropriate Reserve Bank and shall contain: (i) The information required by paragraph 6(A) of the Change in Bank Control Act ( 12 U.S.C. 1817(j)(6)(A) ) as may be prescribed in the designated Board form;(ii) Additional information consistent with the Federal Financial Institutions Examination Council's Joint Statement of Guidelines on Conducting Background Checks and Change in Control Investigations, as set forth in the designated Board form; and(iii) Such other information as may be required by the Board or Reserve Bank.(2)Modification. The Reserve Bank may modify or accept other information in place of the requirements of this section for a notice filed under this subpart.(3)Acceptance and processing of notice. The 30-day notice period specified in section 238.73 shall begin on the date all information required to be submitted by the notificant pursuant to this section is received by the appropriate Reserve Bank. The Reserve Bank shall notify the savings and loan holding company or individual submitting the notice of the date on which all required information is received and the notice is accepted for processing, and of the date on which the 30-day notice period will expire. The Board or Reserve Bank may extend the 30-day notice period for an additional period of not more than 60 days by notifying the savings and loan holding company or individual filing the notice that the period has been extended and stating the reason for not processing the notice within the 30-day notice period.