{"data":{"id":"us/12-cfr-238.87","jurisdiction":"us","citation":"12 CFR 238.87","heading":"Filing procedures.","body":"(a) Who may file. (1) A savings and loan holding company or a person who was convicted of a criminal offense described in § 238.84 or who has agreed to enter into a pre-trial diversion or similar program in connection with a prosecution for such a criminal offense may file an application with the Board seeking an exemption from the prohibitions in this subpart.\n(2) A savings and loan holding company or a person may seek an exemption only for a designated position (or positions) with respect to a named savings and loan holding company.\n(3) A savings and loan holding company or a person may not file an application less than one year after the latter of the date of a denial of the same exemption under § 238.89(b), § 238.90(a) or § 238.90(d).\n(b) Prohibition pending Board action. Unless a savings and loan holding company or a person is exempt under § 238.86(b), the prohibitions in § 238.83 continue to apply pending Board action on the application.","path":["Title 12—Banks and Banking","CHAPTER II—FEDERAL RESERVE SYSTEM","SUBCHAPTER A—BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM","PART 238—SAVINGS AND LOAN HOLDING COMPANIES (REGULATION LL)","Subpart I—Prohibited Service at Savings and Loan Holding Companies"],"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":"858989263c25f7cc8a8073dd2699b7201064281c5b9440085c79f40dc5a13429","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-238.86","next":"us/12-cfr-238.88"},"notice":"GroundRules: Original legal text. Not legal advice."}