Code of Federal Regulations (alpha)

CFR /  Title 12  /  Part 516  /  Sec. 516.15 Must I meet with OTS before I file my application?

(a) Chart. To determine whether you must attend a pre-filing meeting before you file an application, please consult the following chart: ------------------------------------------------------------------------

(1) An application for permission to You must meet with OTS

organize a de novo federal savings before filing your

association. application. You must

submit a draft business

plan before this meeting.(2) An application to convert an existing You must meet with OTS

insured depository institution (other before filing your

than a state-chartered savings application. OTS may

association or a state-chartered savings require you to submit a

bank) or a credit union to a federal draft business plan or

savings association. other relevant information

before this meeting.

(3) An application to acquire control of a OTS may require you to meet

savings association. with OTS before filing your

application and may require

you to submit a draft

business plan or other

relevant information before

this meeting.------------------------------------------------------------------------

(b) Contacting the Regional Office. (1) You must contact the appropriate Regional Office a reasonable time before you file an application described in paragraph (a) of this section. Unless paragraph (a) already requires a pre-filing meeting or a draft business plan, the Regional Office will determine whether it will require a pre-filing meeting, and whether you must submit a business plan or other relevant information before the meeting. The Regional Office will also establish a schedule for any meeting and the submission of any information.

(1) You must contact the appropriate Regional Office a reasonable time before you file an application described in paragraph (a) of this section. Unless paragraph (a) already requires a pre-filing meeting or a draft business plan, the Regional Office will determine whether it will require a pre-filing meeting, and whether you must submit a business plan or other relevant information before the meeting. The Regional Office will also establish a schedule for any meeting and the submission of any information.

(2) All other applicants are encouraged to contact the appropriate Regional Office to determine whether a pre-filing meeting or the submission of a draft business plan or other relevant information would expedite the application review process.