Title 12

SECTION 390.134

390.134 How will I know if my application has been approved

§ 390.134 How will I know if my application has been approved?

(a) FDIC approval or denial. (1) The FDIC will approve or deny your application before the expiration of the applicable review period, including any extensions of the review period.

(2) The FDIC will promptly notify you in writing of its decision to approve or deny your application.

(b) No FDIC action. If the FDIC fails to act under paragraph (a)(1) of this section, your application is approved.

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