12 CFR 303.230
§ 303.230 What will the FDIC do if the application is denied?
United States · 12 CFR — Banks and Banking · Status: effective
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- Citation
- 12 CFR 303.230, § 303.230 What will the FDIC do if the application is denied?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/45996
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Full text
(a) The FDIC will inform the applicant in writing that the application has been denied and summarize or cite the relevant considerations specified in § 303.229.
(b) The denial will also notify the applicant that a written request for a hearing (or a request for written submissions in lieu of a hearing) under 12 CFR part 308, subpart M, may be filed with the FDIC Executive Secretary within 60 days after the denial. For institution-sponsored applications, either the institution or the subject individual (or both, as a consolidated request) may file such a written request. A request must include the relief desired, the grounds supporting the request for relief, and any supporting evidence.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.