§ 1211.4. Non-Objection Letters.
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/us/cfr/t12/s§ 1211.4·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Authority. The Deputy Directors for Enterprise Regulation and for Federal Home Loan Bank Regulation, or their designees, may, in their discretion, issue to an Enterprise or to a Bank or the Office of Finance, respectively, a Non-Objection Letter stating that FHFA does not object to a proposed transaction or activity for supervisory, regulatory, or policy reasons. The Director reserves the right to modify, rescind, or supersede a Non-Objection Letter, with such action being effective only on a prospective basis.
(b)Requests. A regulated entity or the Office of Finance may request a Non-Objection Letter in accordance with § 1211.6.