FEDERAL · 12 U.S.C. · Chapter 48
Time limit on agency consideration of completed applications
12 U.S.C. § 4807
Title12 — Banks and Banking
Chapter48 — FINANCIAL INSTITUTIONS REGULATORY IMPROVEMENT
This text of 12 U.S.C. § 4807 (Time limit on agency consideration of completed applications) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
12 U.S.C. § 4807.
Text
(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.
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Related
Custodia Bank Inc v. Federal Reserve Board of Governors
(D. Wyoming, 2022)
Source Credit
History
(Pub. L. 103–325, title III, §343, Sept. 23, 1994, 108 Stat. 2238.)
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Bluebook (online)
12 U.S.C. § 4807, Counsel Stack Legal Research, https://law.counselstack.com/usc/12/4807.