12 CFR 303.251 - Extension of time.
(a)Scope. This section contains the procedures to be followed by an insured depository institution to seek the prior consent of the FDIC for additional time to fulfill a condition required in an approval of a filing issued by the FDIC or to consummate a transaction which was the subject of an approval by the FDIC.
(c)Content of filing. The application shall contain the following information:
(1) A description of the original approved application;
(2) Identification of the original time limitation;
(3) The additional time period requested; and
(4) The reason for the request.
(e)Processing. The FDIC will provide the applicant with written notification of the final action as soon as the decision is rendered.