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2012 U.S. Code
Title 12 - Banks and Banking
Chapter 48 - FINANCIAL INSTITUTIONS REGULATORY IMPROVEMENT (§§ 4801 - 4809)
Section 4807 - Time limit on agency consideration of completed applications
FINANCIAL INSTITUTIONS REGULATORY IMPROVEMENT - 12 U.S.C. § 4807 (2012)
§4807. Time limit on agency consideration of completed applications (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 authorizedAny 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.)
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