# 12 C.F.R. § 303.247 (2026): Continue or resume status as an insured institution following termination under section 8 of the FDI Act

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/CFR_T12_P303_S303_247

## Section

- **Citation:** 12 C.F.R. § 303.247 (2026)
- **Heading:** Continue or resume status as an insured institution following termination under section 8 of the FDI Act
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Title 12 CFR: Banks and Banking / Chapter III: FEDERAL DEPOSIT INSURANCE CORPORATION / Part 303: FILING PROCEDURES / Subpart M: Other Filings / § 303.247: § 303.247   Continue or resume status as an insured institution following termination under section 8 of the FDI Act.

## Text

(a)
Scope.
This section relates to an application by a depository institution whose insured status has been terminated under section 8 of the FDI Act (12 U.S.C. 1818) for permission to continue or resume its status as an insured depository institution. This section covers institutions whose deposit insurance continues in effect for any purpose or for any length of time under the terms of an FDIC order terminating deposit insurance, but does not cover operating non-insured depository institutions which were previously insured by the FDIC, or any non-insured, non-operating depository institution whose charter has not been surrendered or revoked.
(b)
Where to file.
Applicants shall submit a letter application to the appropriate FDIC office.
(c)
Content of filing.
The filing shall contain the following information:
(1) A complete statement of the action requested, all relevant facts, and the reason for such requested action; and
(2) A certified copy of the resolution of the depository institution's board of directors authorizing submission of the filing.
(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.
[67 FR 79247, Dec. 27, 2002. Redesignated at 71 FR 20526, Apr. 21, 2006]

## Nearby sections

- [12 C.F.R. § 303.240 (2026) § 303.240   General.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P303_S303_240.md)
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- [12 C.F.R. § 303.247 (2026) § 303.247   Continue or resume status as an insured institution following termination under section 8 of the FDI Act.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P303_S303_247.md)
- [12 C.F.R. § 303.248 (2026) § 303.248   Truth in Lending Act—Relief from reimbursement.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P303_S303_248.md)
- [12 C.F.R. § 303.249 (2026) § 303.249   Management official interlocks.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P303_S303_249.md)
- [12 C.F.R. § 303.250 (2026) § 303.250   Modification of conditions.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P303_S303_250.md)
- [12 C.F.R. § 303.251 (2026) § 303.251   Extension of time.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P303_S303_251.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/CFR_T12_P303_S303_247. Check the current official text before relying on it. Not legal advice.