---
kind: "section"
citation: "12 C.F.R. § 211.11"
title: "12"
number: "211.11"
heading: "Advisory opinions under Regulation K."
url: "https://uscodex.org/cfr/12/211.11"
---

# §211.11. Advisory opinions under Regulation K.

- (a) **Request for advisory opinion.** Any person may submit a request to the Board for an advisory opinion regarding the scope of activities permissible under any subpart of this part.
- (b) **Form and content of the request.** Any request for an advisory opinion under this section shall be:
  - (1) Submitted in writing to the Board;
  - (2) Contain a clear description of the proposed parameters of the activity, or the service or product, at issue; and
  - (3) Contain a concise explanation of the grounds on which the submitter contends the activity is or should be considered by the Board to be permissible under this part.
- (c) **Response to request.** In response to a request received under this section, the Board shall:
  - (1) Direct the submitter to provide such additional information as the Board may deem necessary to complete the record for a full consideration of the issue presented; and
  - (2) Provide an advisory opinion within 45 days after the record on the request has been determined to be complete.

## Notes

### Source

Source: Reg. K, 66 FR 54374, Oct. 26, 2001, unless otherwise noted.

### Authority

Authority: 12 U.S.C. 221 et seq., 1818, 1835a, 1841 et seq., 3101 et seq., 3901 et seq., and 5101 et seq.; 15 U.S.C. 1681s, 1681w, 6801 and 6805.