12 U.S.C. § 4807 — Time limit on agency consideration of completed applications
U.S.C. Title 12 - BANKS AND BANKING 12 U.S.C. United States Code, 2023 Edition Title 12 - BANKS AND BANKING CHAPTER 48 - FINANCIAL INSTITUTIONS REGULATORY IMPROVEMENT Sec. 4807 - Time limit on agency consideration of completed applications From the U.S. Government Publishing Office, www.gpo.gov
§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.
(Pub. L. 103–325, title III, §343, Sept. 23, 1994, 108 Stat. 2238.)