12 CFR 108.2 – Definitions
As used in this part—
Terms Used In 12 CFR 108.2
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(a) The term OCC means the Office of the Comptroller of the Currency.
(b) [Reserved]
(c) The term Notice means a Notice of Suspension or Notice of Prohibition issued by the OCC pursuant to section 8(g) of the Federal Deposit Insurance Act.
(d) The term Order means an Order of Removal or Order of Prohibition issued by the OCC pursuant to section 8(g) of the Federal Deposit Insurance Act.
(e) The term association means a Federal savings association within the meaning of section 2(5) of the Home Owners’ Loan Act of 1933, as amended, 12 U.S.C. § 1462(5) (“HOLA”), Federal savings association subsidiary and an affiliate service corporation within the meaning of section 8(b)(8) of the Federal Deposit Insurance Act, as amended, 12 U.S.C. § 1818(b)(8) (“FDIA”).
(f) The term subject individual means a person served with a Notice or Order.
(g) The term petitioner means a subject individual who has filed a petition for informal hearing under this part.