12-U.S.C.-4807
§4807 – Time Limit On Agency Consideration of Completed Applications
Pathway
Title 12 > Chapter 48 > Section 4807
Details
- Reference: Section 4807
- Legend: §4807 – Time Limit On Agency Consideration of Completed Applications
- USCode Year: 2013
Provision Content
(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) of this section with respect to such application at any time.
(Pub. L. 103–325, title III, §343, Sept. 23, 1994, 108 Stat. 2238.)
U.S. Encyclopedia of Law Coverage
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