Related services authorization process.

CFR · 2024-01-01 · US · Title 12

(a) (b) (2) When authorizing a proposed related service, at its discretion, the FCA may impose special conditions or limitations on any related service or program to offer a related service. (3) At its discretion the FCA may, at any time during its evaluation of a proposed related service, publish the proposed related service in the (4) Within 60 days of the FCA receiving a completed proposal, including any additional information the FCA may require, the FCA will act on the request to authorize a new service. The FCA shall approve the request, deny the request, or publish the service for public comment in the (5) Within the time period established in paragraph (b)(4) of this section, the FCA shall notify the requesting institution of its actions. Following notification of the requesting institution, the FCA will notify all System banks and associations of its determination on the proposed service by bookletter or other means. If a service is not authorized, the reasons for denial will be included in the notifications to the System and the requesting institution. (c) (2) The FCA shall make available to all System banks and associations a list of such related services (“related (i) A description of each related service; and (ii) The types of institutions authorized to offer each type of related service; (iii) Identification of any special conditions on how the related service may be offered. The special conditions and description of the service will be fully detailed in FCA's n

official document · source cfr-2024 · id 12:§ 618.8010