Date: February 8, 2008
Description: Guidance on Notary or Bank Seal Requirements
Purpose and Background
In an effort to further expedite the application and decision-making process, the Office of the Comptroller of the Currency (OCC) reviewed its current requirements for notarization or bank seals that are required in connection with the filing of applications with the OCC. Presently, notarizations and bank seals must be submitted in paper form. This requirement prevents many corporate applications or notices from being submitted through e-Corp, an electronic application system. The OCC introduced e-Corp in November 2002, and, through e-Corp, national banks registered in National BankNet can electronically submit corporate applications and notices for certain transactions.
Following a review of statutes and regulations applicable to all corporate applications, documents, and notices, the OCC removed all notary and seal requirements not supported by federal banking code or regulation. Attached is a list of documents that will no longer require a notary or bank seal.
For additional information, contact the Licensing Activities Department at (202) 649-6550.
Lawrence E. Beard
Deputy Comptroller for Licensing