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Collection: Comptroller’s Licensing Manual
Substantial Asset Changes, Including Changes in Charter Purpose: New Comptroller’s Licensing Manual Booklet
This booklet of the Comptroller's Licensing Manual discusses key policies and requirements under 12 CFR 5.53 for filings by a national bank or federal savings association pertaining to a substantial asset change, including a change in charter purpose. This booklet discusses what constitutes a substantial asset change, including a change in charter purpose, and when a filing with the OCC is required.