CFR > Title 12 - Banks and Banking > CHAPTER V—OFFICE OF THRIFT SUPERVISION, DEPARTMENT OF THE TREASURY > PART 563—SAVINGS ASSOCIATIONS—OPERATIONS > SUBPART H—Notice of Change of Director or Senior Executive Officer (§563.550 to §563.590) > 563.550—What does this subpart do?

563.550—What does this subpart do?

This subpart implements 12 U.S.C. 1831i, which requires certain savings associations and savings and loan holding companies to notify the OTS before appointing or employing directors and senior executive officers.