General exemption.

CFR · 2024-01-01 · US · Title 12

(a) (b) (1) Primarily serves low-and moderate-income areas; (2) Is controlled or managed by persons who are members of a minority group, or women; (3) Is a depository institution that has been chartered for less than two years; or (4) Is deemed to be in “troubled condition” as defined in 12 CFR 5.51(c)(7). (c) (i) A monopoly or substantial lessening of competition; or (ii) An unsafe or unsound condition. (2) If the OCC grants an interlock exemption in reliance upon a presumption under paragraph (b) of this section, the interlock may continue for three years, unless otherwise provided by the OCC in writing.

official document · source cfr-2024 · id 12:§ 26.6