{"data":{"id":"us/12-cfr-26.6","jurisdiction":"us","citation":"12 CFR 26.6","heading":"General exemption.","body":"(a) Exemption. The OCC may by order issued following receipt of an application, exempt an interlock from the prohibitions in § 26.3 if the OCC finds that the interlock would not result in a monopoly or substantial lessening of competition and would not present safety and soundness concerns.\n(b) Presumptions. In reviewing an application for an exemption under this section, the OCC will apply a rebuttable presumption that an interlock will not result in a monopoly or substantial lessening of competition if the depository organization seeking to add a management official:\n(1) Primarily serves low-and moderate-income areas;\n(2) Is controlled or managed by persons who are members of a minority group, or women;\n(3) Is a depository institution that has been chartered for less than two years; or\n(4) Is deemed to be in “troubled condition” as defined in 12 CFR 5.51(c)(7).\n(c) Duration. (1) Unless a specific expiration period is provided in the OCC approval, an exemption permitted by paragraph (a) of this section may continue so long as it does not result in either:\n(i) A monopoly or substantial lessening of competition; or\n(ii) An unsafe or unsound condition.\n(2) If the OCC grants an interlock exemption in reliance upon a presumption under paragraph (b) of this section, the interlock may continue for three years, unless otherwise provided by the OCC in writing.","path":["Title 12—Banks and Banking","CHAPTER I—COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY","PART 26—MANAGEMENT OFFICIAL INTERLOCKS"],"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":"e6976e6750d93950720a0f2ae9328bcec3356dd65301debaab8b5ce4603e163f","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-26.5","next":"us/12-cfr-26.7"},"notice":"GroundRules: Original legal text. Not legal advice."}