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OCC Proposes Rule Regarding Permissible Bank Premises

January 04, 2021 / Source: OCC

News Release 2021-1 

WASHINGTON—The Office of the Comptroller of the Currency (OCC) today invited comment on a notice of proposed rulemaking to codify permissibility standards for real estate used as national bank or federal savings association premises.

The proposed rule would clarify standards for determining when real estate is necessary for the transaction of an institution’s business.

Comments will be accepted for 45 days following publication in the Federal Register.

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