The revised “Fiduciary Powers” booklet:
- provides an overview of policies and decision criteria that the OCC considers when reviewing applications from banks seeking to exercise fiduciary powers.
- provides guidance on application requirements and explains under which circumstances an expedited review is granted.
- outlines when a notice to the OCC may be required when a bank opens a fiduciary office in a new state.
- discusses procedures for a bank to surrender fiduciary powers, or for the OCC to revoke a bank’s fiduciary powers.
- lists references and links to informational resources and sample forms and documents that applicants may find useful during the filing process.
Read the booklet.
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