Source: https://www.law.cornell.edu/cfr/text/12/34.82
Timestamp: 2015-10-13 19:28:27
Document Index: 251578440

Matched Legal Cases: ['art 34', '§ 1', '§ 2', '§ 3', '§ 4', '§ 4', '§ 4', '§ 5', '§\u202f1', '§ 7', '§ 8', '§ 9', '§ 9', '§\u202f8', '§ 10', '§ 11', '§ 12', '§ 13', '§ 14', '§ 15', '§\u202f1', '§ 16', '§ 25', '§ 29', '§ 93', '§ 371', '§ 1463', '§ 1464', '§ 1465', '§ 1701', '§ 1828', '§ 3331', '§ 3332', '§ 3333', '§ 3334', '§ 3335', '§ 3336', '§ 3337', '§ 3338', '§ 3339', '§ 3340', '§ 3341', '§ 3342', '§ 3343', '§ 3344', '§ 3345', '§ 3346', '§ 3347', '§ 3348', '§ 3349', '§ 3350', '§ 3351', '§ 3352', '§ 3353', '§ 3354', '§ 3355', '§ 5101', '§ 5102', '§ 5103', '§ 5104', '§ 5105', '§ 5106', '§ 5107', '§ 5108', '§ 5109', '§ 5110', '§ 5111', '§ 5112', '§ 5113', '§ 5114', '§ 5115', '§ 5116', '§ 5412']

12 CFR 34.82 - Holding period. | US Law | LII / Legal Information Institute
CFR › Title 12 › Chapter I › Part 34 › Subpart E › Section 34.82 12 CFR 34.82 - Holding period.
Holding period for OREO.
A national bank shall dispose of OREO at the earliest time that prudent judgment dictates, but not later than the end of the holding period (or an extension thereof) permitted by 12 U.S.C. 29.
Commencement of holding period.
The holding period begins on the date that:
Ownership of the property is originally transferred to a national bank;
A bank completes relocation from former banking premises to new banking premises or ceases to use the former banking premises without relocating; or
A bank decides not to use real estate acquired for future bank expansion.
Effect of statutory redemption period.
For DPC real estate that is subject to a redemption period imposed under State law, the holding period begins at the expiration of that redemption period.
Holding period for OREO. A national bank shall dispose of OREO at the earliest time that prudent judgment dictates, but not later than the end of the holding period (or an extension thereof) permitted by 12 U.S.C. 29. (b)
Commencement of holding period. The holding period begins on the date that: (1) Ownership of the property is originally transferred to a national bank; (2) A bank completes relocation from former banking premises to new banking premises or ceases to use the former banking premises without relocating; or (3) A bank decides not to use real estate acquired for future bank expansion. (c)
Effect of statutory redemption period. For DPC real estate that is subject to a redemption period imposed under State law, the holding period begins at the expiration of that redemption period. 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§ 1 - Office of the Comptroller of the Currency§ 2 - Comptroller of the Currency; appointment; term§ 3 - Oath of Comptroller§ 4 - Deputy Comptrollers§ 4a - Delegation of authority by Comptroller§ 4b - Deputy Comptroller for the supervision and examination of Federal savings associations§ 5, 6 - Repealed. Pub. L. 86–251, § 1(b), (c)(1), Sept. 9, 1959, 73 Stat. 487, 488§ 7 - Chief of examining division§ 8 - Clerks§ 9 - Additional examiners, clerks, and other employees§ 9a - Repealed. Pub. L. 89–554, § 8(a), Sept. 6, 1966, 80 Stat. 645§ 10 - Salaries of Deputy Comptrollers, examiners, and other employees as part of bank examination expenses§ 11 - Interest in national banks§ 12 - Seal of Comptroller§ 13 - Rooms for Currency Bureau§ 14 - Report of Comptroller§ 15 - Repealed. Aug. 7, 1946, ch. 770, § 1(40, 50), 60 Stat. 869, 870§ 16 - Funding of Office§ 25b - State law preemption standards for national banks and subsidiaries clarified§ 29 - Power to hold real property§ 93a - Authority to prescribe rules and regulations§ 371 - Real estate loans§ 1463 - Supervision of savings associations§ 1464 - Federal savings associations§ 1465 - State law preemption standards for Federal savings associations clarified§ 1701j-3§ 1828 - Regulations governing insured depository institutions§ 3331 - Purpose§ 3332 - Functions of Appraisal Subcommittee§ 3333 - Chairperson of Appraisal Subcommittee; term of Chairperson; meetings§ 3334 - Officers and staff§ 3335 - Powers of Appraisal Subcommittee§ 3336 - Procedures for establishing appraisal standards and requiring use of certified and licensed appraisers§ 3337 - Startup funding§ 3338 - Roster of State certified or licensed appraisers; authority to collect and transmit fees§ 3339 - Functions of Federal financial institutions regulatory agencies relating to appraisal standards§ 3340 - Time for proposal and adoption of standards§ 3341 - Functions of Federal financial institutions regulatory agencies relating to appraiser qualifications§ 3342 - Transactions requiring services of State certified appraiser§ 3343 - Transactions requiring services of State licensed appraiser§ 3344 - Time for proposal and adoption of rules§ 3345 - Certification and licensing requirements§ 3346 - Establishment of State appraiser certifying and licensing agencies§ 3347 - Monitoring of State appraiser certifying and licensing agencies§ 3348 - Recognition of State certified and licensed appraisers for purposes of this chapter§ 3349 - Violations in obtaining and performing appraisals in federally related transactions§ 3350 - Definitions§ 3351 - Miscellaneous provisions§ 3352 - Emergency exceptions for disaster areas§ 3353 - Appraisal management company minimum requirements§ 3354 - Automated valuation models used to estimate collateral value for mortgage lending purposes§ 3355 - Broker price opinions§ 5101 - Purposes and methods for establishing a mortgage licensing system and registry§ 5102 - Definitions§ 5103 - License or registration required§ 5104 - State license and registration application and issuance§ 5105 - Standards for State license renewal§ 5106 - System of registration administration by Federal agencies§ 5107 - Bureau of Consumer Financial Protection backup authority to establish loan originator licensing system§ 5108 - Backup authority to establish a nationwide mortgage licensing and registry system§ 5109 - Fees§ 5110 - Background checks of loan originators§ 5111 - Confidentiality of information§ 5112 - Liability provisions§ 5113 - Enforcement by the Bureau§ 5114 - State examination authority§ 5115 - Reports and recommendations to Congress§ 5116 - Study and reports on defaults and foreclosures§ 5412 - Powers and duties transferred