12 USC 4807: Time limit on agency consideration of completed applications
Text contains those laws in effect on December 20, 2024
From Title 12-BANKS AND BANKINGCHAPTER 48-FINANCIAL INSTITUTIONS REGULATORY IMPROVEMENT
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§4807. Time limit on agency consideration of completed applications
(a) In general
Each Federal banking agency shall take final action on any application to the agency before the end of the 1-year period beginning on the date on which a completed application is received by the agency.
(b) Waiver by applicant authorized
Any person submitting an application to a Federal banking agency may waive the applicability of subsection (a) with respect to such application at any time.
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