{"data":{"id":"us/12-cfr-101.7","jurisdiction":"us","citation":"12 CFR 101.7","heading":"Reelection.","body":"(a) Reelection. A Federal savings association that has terminated its election to operate as a covered savings association may submit a notice to reelect to operate as a covered savings association, if at least five years have elapsed since the effective date of the termination. Upon determining that good cause exists, the OCC may permit a Federal savings association to reelect to operate as a covered savings association prior to the expiration of the five-year period.\n(b) Procedures and treatment. A Federal savings association reelecting to operate as a covered savings association shall comply with, and shall be subject to, the provisions of this part as if it were making an election for the first time.","path":["Title 12—Banks and Banking","CHAPTER I—COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY","PART 101—COVERED SAVINGS ASSOCIATIONS"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-12.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:16Z","sha256":"ee23d952c7fd5a98584c4d22c3ffee0cdf16d71c3a2b8c16e625e2098f1b69c3","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-101.6","next":"us/12-cfr-101.8"},"notice":"GroundRules: Original legal text. Not legal advice."}