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Requesting an Advisory Opinion from a Federal Bank Regulatory Agency

November 14, 2023 (3 min read)

Despite best efforts to clarify the intent and meaning of a particular law, regulation, or policy, it may be appropriate to contact regulatory agencies for a written interpretation, rather than risk engaging in a prohibited action. An advisory opinion is a non-binding interpretation, issued by a regulatory agency, in response to questions or factual issues posed in writing. Explore this practice note for a keen understanding of the advisory opinion process.

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