FDIC Form 6200 / 09 Application for Consent to Exercise Trust Powers

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FDIC Form 6200 / 09 Application for Consent to Exercise Trust Powers

What Is FDIC Form 6200/09?

This is a legal form that was released by the Federal Deposit Insurance Corporation on October 1, 2005 and used country-wide. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is FDIC Form 6200/09?
A: FDIC Form 6200/09 is an application for consent to exercise trust powers.

Q: Who uses FDIC Form 6200/09?
A: Financial institutions that want to exercise trust powers use FDIC Form 6200/09.

Q: What are trust powers?
A: Trust powers refer to the authority to act as a trustee, administer trusts, and provide fiduciary services.

Q: Why do financial institutions need consent to exercise trust powers?
A: Consent is required to ensure that financial institutions are qualified and capable of responsibly managing trusts.

Q: Are there any fees associated with submitting FDIC Form 6200/09?
A: Yes, a processing fee is usually required when submitting FDIC Form 6200/09.

Q: Are there any eligibility requirements for exercising trust powers?
A: Yes, financial institutions must meet specific eligibility criteria to exercise trust powers.

Q: Can an institution exercise trust powers without FDIC consent?
A: No, FDIC consent is necessary for financial institutions to exercise trust powers.

Q: What happens after submitting FDIC Form 6200/09?
A: The FDIC will review the application and determine whether consent will be granted.

Q: Is consent to exercise trust powers permanent?
A: No, consent is granted for a specific period and may be subject to renewal or termination.

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Form Details:

  • Released on October 1, 2005;
  • The latest available edition released by the Federal Deposit Insurance Corporation;
  • Easy to use and ready to print;
  • Yours to fill out and keep for your records;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a fillable version of FDIC Form 6200/09 by clicking the link below or browse more documents and templates provided by the Federal Deposit Insurance Corporation.

Download FDIC Form 6200 / 09 Application for Consent to Exercise Trust Powers

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