2014 US Code
Title 12 - Banks and Banking (Sections 1 - 5710)
Chapter 48 - Financial Institutions Regulatory Improvement (Sections 4801 - 4809)
Sec. 4807 - Time limit on agency consideration of completed applications

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Metadata
Publication TitleUnited States Code, 2012 Edition, Supplement 2, Title 12 - BANKS AND BANKING
CategoryBills and Statutes
CollectionUnited States Code
SuDoc Class NumberY 1.2/5:
Contained WithinTitle 12 - BANKS AND BANKING
CHAPTER 48 - FINANCIAL INSTITUTIONS REGULATORY IMPROVEMENT
Sec. 4807 - Time limit on agency consideration of completed applications
Containssection 4807
Date2014
Laws In Effect As Of DateJanuary 5, 2015
Positive LawNo
Dispositionstandard
Source CreditPub. L. 103-325, title III, §343, Sept. 23, 1994, 108 Stat. 2238.
Statutes at Large Reference108 Stat. 2238
Public and Private LawPublic Law 103-325

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12 U.S.C. § 4807 (2014)
§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 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.)

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