Section 238.87 - Filing procedures(a)Who may file.(1) A savings and loan holding company or a person who was convicted of a criminal offense described in § 238.84 or who has agreed to enter into a pre-trial diversion or similar program in connection with a prosecution for such a criminal offense may file an application with the Board seeking an exemption from the prohibitions in this subpart.(2) A savings and loan holding company or a person may seek an exemption only for a designated position (or positions) with respect to a named savings and loan holding company.(3) A savings and loan holding company or a person may not file an application less than one year after the latter of the date of a denial of the same exemption under § 238.89(b) , § 238.90(a) or § 238.90(d) .(b)Prohibition pending Board action. Unless a savings and loan holding company or a person is exempt under § 238.86(b) , the prohibitions in § 238.83 continue to apply pending Board action on the application.