Except for fiduciary activities subject solely to subpart E, you should refer to 12 CFR 5.26 to determine if you must obtain OCC approval or file a notice with the OCC before you exercise fiduciary powers. A Federal savings association may not exercise fiduciary powers unless it obtains prior approval from the OCC to the extent required under 12 CFR 5.26.

Terms Used In 12 CFR 150.70

  • Fiduciary: A trustee, executor, or administrator.

[80 FR 28480, May 18, 2015]