12 CFR 516.5 - Do the same procedures apply to all applications under this part?
OTS processes applications under this part using two procedures, expedited treatment and standard treatment. To determine which treatment applies, you may use the following chart:
|If * * *||Then OTS will process your application under * * *|
|1 A savings association may obtain a copy of its composite rating from the appropriate Regional Office.|
|(a) The applicable regulation does not specifically state that expedited treatment is available||Standard treatment.|
|(b) You are not a savings association||Standard treatment.|
|(c) Your composite rating is 3, 4, or 5. The composite rating is the composite numeric rating that OTS or the other federal banking regulator assigned to you under the Uniform Financial Institutions Rating System 1 or under a comparable rating system. The composite rating refers to the rating assigned and provided to you, in writing, as a result of the most recent examination||Standard treatment.|
|(d) Your Community Reinvestment Act (CRA) rating is Needs to Improve or Substantial Noncompliance. The CRA rating is the Community Reinvestment Act performance rating that OTS or the other federal banking regulator assigned and provided to you, in writing, as a result of the most recent compliance examination. See, for example, § 563e.28 of this chapter||Standard treatment.|
|(e) Your compliance rating is 3, 4, or 5. The compliance rating is the numeric rating that OTS or the other federal banking regulator assigned to you under OTS compliance rating system, or a comparable rating system used by the other federal banking regulator. The compliance rating refers to the rating assigned and provided to you, in writing, as a result of the most recent compliance examination||Standard treatment.|
|(f) You fail any one of your capital requirements under part 567 of this chapter||Standard treatment.|
|(g) OTS has notified you that you are an association in troubled condition||Standard treatment.|
|(h) Neither OTS nor any other federal banking regulator has assigned you a composite rating, a CRA rating or a compliance rating||Standard treatment.|
|(i) You do not meet any of the criteria listed in paragraphs (a) through (h) of this section||Expedited treatment.|
[66 FR 13000, Mar. 2, 2001]
Title 12 published on 2014-01-01
no entries appear in the Federal Register after this date.