Source: https://www.law.cornell.edu/cfr/text/12/303.103
Timestamp: 2016-10-01 03:58:03
Document Index: 69573695

Matched Legal Cases: ['art 303', '§ 303', '§ 303', '§ 303', '§ 303', 'art 308', '§ 378', '§ 1464', '§ 1813', '§ 1815', '§ 1817', '§ 1818', '§ 1819', '§ 1820', '§ 1823', '§ 1828', '§ 1831', '§ 1831', '§ 1831', '§ 1831', '§ 1831', '§ 1835', '§ 1843', '§ 3104', '§ 3105', '§ 3108', '§ 3207', '§ 303']

12 CFR 303.103 - Processing. | US Law | LII / Legal Information Institute
CFR › Title 12 › Chapter III › Subchapter A › Part 303 › Subpart F › Section 303.103 12 CFR 303.103 - Processing.
§ 303.103 Processing.
Processing. The 30-day notice period specified in § 303.102(a) shall begin on the date substantially all information required to be submitted by the notificant pursuant to § 303.102(c)(1) is received by the appropriate FDIC office. The FDIC shall notify the bank submitting the notice of the date on which the notice is accepted for processing and of the date on which the 30-day notice period will expire. If processing cannot be completed within 30 days, the notificant will be advised in writing, prior to expiration of the 30-day period, of the reason for the delay in processing and of the additional time period, not to exceed 60 days, in which processing will be completed.
Commencement of service - (1)
At expiration of period. A proposed director or senior executive officer may begin service after the end of the 30-day period or any other additional period as provided under paragraph (a) of this section, unless the FDIC disapproves the notice before the end of the period. (2)
Prior to expiration of period. A proposed director or senior executive officer may begin service before the end of the 30-day period or any additional time period as provided under paragraph (a) of this section, if the FDIC notifies the bank and the individual in writing of the FDIC's intention not to disapprove the notice. (c)
Notice of disapproval. The FDIC may disapprove a notice filed under § 303.102 if the FDIC finds that the competence, experience, character, or integrity of the individual with respect to whom the notice is submitted indicates that it would not be in the best interests of the depositors of the bank or in the best interests of the public to permit the individual to be employed by, or associated with, the bank. Subpart L of 12 CFR part 308 sets forth the rules of practice and procedure for a notice of disapproval. This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.United States CodeU.S. Code: Title 12 - BANKS AND BANKING§ 378 - Dealers in securities engaging in banking business; individuals or associations engaging in banking business; examinations and reports; penalties§ 1464 - Federal savings associations§ 1813 - Definitions§ 1815 - Deposit insurance§ 1817 - Assessments§ 1818 - Termination of status as insured depository institution§ 1819 - Corporate powers§ 1820 - Administration of Corporation§ 1823 - Corporation monies§ 1828 - Regulations governing insured depository institutions§ 1831a - Activities of insured State banks§ 1831e - Activities of savings associations§ 1831o - Prompt corrective action§ 1831p-1§ 1831w - Safety and soundness firewalls applicable to financial subsidiaries of banks§ 1835a - Prohibition against deposit production offices§ 1843 - Interests in nonbanking organizations§ 3104 - Insurance of deposits§ 3105 - Authority of Federal Reserve System§ 3108 - Regulation and enforcement§ 3207 - Rules and regulations
12 CFR 308.153 — Procedures Where Notice of Disapproval Issues Pursuant to § 303.103(c) of This Chapter.