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Content Last Revised: 8/10/90
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CFR  

Code of Federal Regulations Pertaining to U.S. Department of Labor

Title 29  

Labor

 

Chapter XXV  

Pension and Welfare Benefits Administration, Department of Labor

 

 

Part 2570  

Procedural Regulations Under the Employee Retirement Income Security Act

 

 

 

Subpart B  

Procedures for Filing and Processing Prohibited Transaction Exemption Applications


29 CFR 2570.38 - Tentative denial letters.

  • Section Number: 2570.38
  • Section Name: Tentative denial letters.

    (a) If, after reviewing an exemption file, the Department concludes 
that it will not grant the exenption, it will notify the applicant in 
writing of its tentative denial of the exemption application. At the 
same time, the Department will provide a short statement of the reasons 
for its tentative denial.
    (b) An applicant will have 20 days from the date of a tentative 
denial letter to request a conference under Sec. 2570.40 of these 
procedures and/or to notify the Department of its intent to submit 
additional information in writing under Sec. 2570.39 of these 
procedures. If the Department does not receive a request for a 
conference or a notification of intent to submit additional information 
within that time, it will issue a final denial letter pursuant to 
Sec. 2570.41.
    (c) The Department need not issue a tentative denial letter to an 
applicant before issuing a final denial letter where the Department has 
conducted a hearing on the exemption pursuant to either Sec. 2570.46 or 
Sec. 2570.47 of these procedures.
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