Title 12

SECTION 390.132

390.132 May the FDIC suspend processing of my application

§ 390.132 May the FDIC suspend processing of my application?

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

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

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