12 U.S.C. § 4807 — Time limit on agency consideration of completed applications

FEDERAL · 12 U.S.C. · Chapter 48

Time limit on agency consideration of completed applications

Current through Pub. L. 119-102

Title 12 — Banks and Banking·Ch. 48 — FINANCIAL INSTITUTIONS REGULATORY IMPROVEMENT

(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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(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.

12 U.S.C. § 4807 (Time limit on agency consideration of completed applications) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Source Credit

History

(Pub. L. 103–325, title III, §343, Sept. 23, 1994, 108 Stat. 2238.)

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History