516.210—What will OTS do after I file my application?
(a) OTS action.
Within 30 calendar days after the filing date of your application, OTS will take one of the following actions:
| If OTS * * * | Then * * * |
|---|---|
| (1) Notifies you, in writing, that your application is complete * * * | The applicable review period will begin on the date that OTS deems your application complete. |
| (2) Notifies you, in writing, that you must submit addition information to complete your application * * * | You must submit the required additional information under § 516.220 . |
| (3) Notifies you, in writing, that your application is materially deficient * * * | OTS will not process your application. |
| (4) Takes no action * * * | Your application is deemed complete. The applicable review period will begin on the day the 30-day time period expires. |
(b) Waiver requests.
If your application includes a request for waiver of an information requirement under § 516.25(b), and OTS has not notified you that you must submit additional information under paragraph (a)(2) of this section, your request for waiver is granted.