Get Ots 1522 2008-2025

The OTS 1522 form is crucial for savings associations intending to reorganize into a mutual holding company. This guide provides clear instructions on completing the form online, ensuring that both experienced individuals and those new to this process understand each step involved.

Follow the steps to successfully fill out the OTS 1522 online.

1. Press the ‘Get Form’ button to access the document and open it in the editing interface.
2. Begin by filling in the name of the reorganizing association, ensuring you include the complete street address along with city, state, and zip code.
3. Enter the name of any acquiree association followed by its street address, also including city, state, and zip code.
4. Input the date of notice in the specified field.
5. Provide the name, address, and phone number of the contact person listed for this notice.
6. In the ‘Form of Notice’ section, clearly list the names and titles of the officers and directors who will be signing the notice. Follow the specific instructions regarding the use of bracketed language, where applicable.
7. Submit the complete reorganization plan as required, making sure it meets the specifications outlined in 12 C.F.R. § 575.6.
8. Include copies of all proposed proxy statements for members of both the reorganizing and acquiree associations.
9. Detail the management structure, providing a list of current and proposed directors and executive officers, along with any necessary background information.
10. Draft the business plan for the mutual holding company as described, detailing operations and financial projections for the first three years.
11. Outline the proposed capitalization of the mutual holding company, including all relevant calculations.
12. Address any requirements related to charters and bylaws.
13. Provide a chronological timeline of the reorganization process, indicating all key events.
14. Describe accounting practices under Generally Accepted Accounting Principles.
15. Discuss the impact of the reorganization on community services.
16. If applicable, submit any necessary acquisition applications.
17. State any indemnification provisions that will be in effect.
18. Attach all specified exhibits and documents as required.
19. Once all sections are properly filled, save changes, download the form, and take necessary actions such as printing or sharing.

Start completing your OTS 1522 online today for a smooth reorganization process.