12-U.S.C.-3023

12-U.S.C.-3023

§3023 – Appeal Procedures Applicable Upon Denial Or Restriction of Application For Assistance

Pathway

Title 12 > Chapter 31 > Subchapter I > Section 3023

Details

  • Reference: Section 3023
  • Legend: §3023 – Appeal Procedures Applicable Upon Denial Or Restriction of Application For Assistance
  • USCode Year: 2013

Provision Content

(a) If an application for assistance under this chapter is denied in whole or in part, the applicant shall be informed within thirty days in writing of the reasons for the denial or restriction.

(b) Any applicant for assistance under this chapter receiving notice of denial or restriction of the application may, within thirty days of receipt of such notice, request the Board of Directors to review the application and notice of denial or restriction for a determination of whether the action of the Bank was correctly within the terms of this chapter, the regulations, and the policy of the Board. The Board shall consider the request for review at its next meeting and promptly inform the applicant of its determination and the reasons therefor.

(Pub. L. 95–351, title I, §113, Aug. 20, 1978, 92 Stat. 510.)

U.S. Encyclopedia of Law Coverage

12-U.S.C.-3014 in the Legal Encyclopedia: Banking Law

In this entry about 12-U.S.C.-3014, find legal reference material, bibliographies and premiere content related to banking law in the American Encyclopedia of Law, presenting a comprehensive view of the United States banking law-specific issues, written by authorities in the field.

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