Title 12
SECTION 390.127
390.127 What will the FDIC do after I file my application
§ 390.127 What will the FDIC do after I file my application?(a) FDIC action. Within 30 calendar days after the filing date of your application, the FDIC will take one of the following actions:
| If the FDIC . . . | Then . . . |
|---|---|
| (1) Notifies you, in writing, that your application is complete * * * | The applicable review period will begin on the date that the FDIC deems your application complete. |
| (2) Notifies you, in writing, that you must submit addition information to complete your application * * * | You must submit the required additional information under § 390.128. |
| (3) Notifies you, in writing, that your application is materially deficient * * * | The FDIC will not process your application. |
| (4) Takes no action * * * | Your application is deemed complete. The applicable review period will begin on the day the 30-day time period expires. |
(b) Waiver requests. If your application includes a request for waiver of an information requirement under § 390.105(b), and the FDIC has not notified you that you must submit additional information under paragraph (a)(2) of this section, your request for waiver is granted.