Statute · United States Code
12 U.S.C. § 4807 — Time limit on agency consideration of completed applications
12 U.S.C. § 4807
- Type
- Statute
- Source
- United States Code
- Jurisdiction
- Federal
- Date
- 2026-10-22
(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.
Citator
12 U.S.C. § 4807 — Time limit on agency consideration of completed applications is in force in the current edition of the Code, and nothing recorded condemns it.
(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.