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e-CFR
Data is current as of October 10, 2008

Title 12:
Banks and Banking
PART 516—APPLICATION PROCESSING PROCEDURES

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§ 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  *  *  *

(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 System1or
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.

1A savings association may obtain a copy of
its composite rating from the appropriate Regional Office.

[66 FR 13000, Mar. 2, 2001]

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