12 USC 4807: Time limit on agency consideration of completed applications
Text contains those laws in effect on December 24, 2024
From Title 12-BANKS AND BANKINGCHAPTER 48-FINANCIAL INSTITUTIONS REGULATORY IMPROVEMENT
Jump To: Source Credit
§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.
(