---
kind: "section"
citation: "12 C.F.R. § 303.251"
title: "12"
number: "303.251"
heading: "Extension of time."
url: "https://uscodex.org/cfr/12/303.251"
---

# §303.251. Extension of time.

- (a) **Scope.** This section contains the procedures to be followed by an insured depository institution to seek the prior consent of the FDIC for additional time to fulfill a condition required in an approval of a filing issued by the FDIC or to consummate a transaction which was the subject of an approval by the FDIC.
- (b) **Where to file.** Applicants shall submit a letter application to the appropriate FDIC office.
- (c) **Content of filing.** The application shall contain the following information:
  - (1) A description of the original approved application;
  - (2) Identification of the original time limitation;
  - (3) The additional time period requested; and
  - (4) **The reason for the request.**
- (d) **Additional information.** The FDIC may request additional information at any time during processing of the filing.
- (e) **Processing.** The FDIC will provide the applicant with written notification of the final action as soon as the decision is rendered.

## Notes

### Amendments

[67 FR 79247, Dec. 27, 2002. Redesignated at 71 FR 20526, Apr. 21, 2006]

### Authority

Authority: 12 U.S.C. 378, 1464, 1813, 1815, 1817, 1818, 1819(a) (Seventh and Tenth), 1820, 1823, 1828, 1829, 1831a, 1831e, 1831 o, 1831p-1, 1831w, 1835a, 1843(l), 3104, 3105, 3108, 3207, 5414, 5415, and 15 U.S.C. 1601-1607.

### Source

Source: 67 FR 79247, Dec. 27, 2002, unless otherwise noted.

### Amendments

[67 FR 79247, Dec. 27, 2002. Redesignated at 71 FR 20526, Apr. 21, 2006]