12 CFR § 150.70 - Must I obtain OCC approval or file a notice before I exercise fiduciary powers?

---
identifier: "/us/cfr/t12/s150.70"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 150.70 - Must I obtain OCC approval or file a notice before I exercise fiduciary powers?"
title_number: 12
title_name: "Banks and Banking"
section_number: "150.70"
section_name: "Must I obtain OCC approval or file a notice before I exercise fiduciary powers?"
chapter_name: "COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY"
part_number: "150"
part_name: "FIDUCIARY POWERS OF FEDERAL SAVINGS ASSOCIATIONS"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 1462a, 1463, 1464, 5412(b)(2)(B)."
regulatory_source: "76 FR 49003, Aug. 9, 2011, unless otherwise noted."
cfr_part: "150"
---


# 150.70 Must I obtain OCC approval or file a notice before I exercise fiduciary powers?

Except for fiduciary activities subject solely to subpart E, you should refer to 12 CFR 5.26 to determine if you must obtain OCC approval or file a notice with the OCC before you exercise fiduciary powers. A Federal savings association may not exercise fiduciary powers unless it obtains prior approval from the OCC to the extent required under 12 CFR 5.26.

[80 FR 28480, May 18, 2015]