Code of Federal Regulations (alpha)

CFR /  Title 12  /  Part 116  /  Sec. 116.260 May the OCC suspend processing of my application?

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

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