CFR > Title 12 - Banks and Banking > CHAPTER V—OFFICE OF THRIFT SUPERVISION, DEPARTMENT OF THE TREASURY > PART 516—APPLICATION PROCESSING PROCEDURES > SUBPART E—OTS Review (§516.200 to §516.290) > 516.260—May OTS suspend processing of my application?

516.260—May OTS suspend processing of my application?

(a) Suspension. OTS may, at any time, indefinitely suspend processing of your application if:
(1) OTS, another governmental entity, or a self-regulatory trade or professional organization initiates an investigation, examination, or administrative proceeding that is relevant to OTS's evaluation of your application;
(2) You request the suspension or there are other extraordinary circumstances that have a significant impact on the processing of your application.
(b) Notice. OTS will promptly notify you, in writing, if it suspends your application.