2020 US Code
Title 12 - Banks and Banking
Chapter 48 - Financial Institutions Regulatory Improvement
Sec. 4807 - Time limit on agency consideration of completed applications

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Citation 12 U.S.C. § 4807 (2020)
Section Name §4807. Time limit on agency consideration of completed applications
Section 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.

Source Credit

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

Publication Title United States Code, 2018 Edition, Supplement 2, Title 12 - BANKS AND BANKING
Category Bills and Statutes
Collection United States Code
SuDoc Class Number Y 1.2/5:
Contained Within Title 12 - BANKS AND BANKING
CHAPTER 48 - FINANCIAL INSTITUTIONS REGULATORY IMPROVEMENT
Sec. 4807 - Time limit on agency consideration of completed applications
Contains section 4807
Date 2020
Laws In Effect As Of Date January 13, 2021
Positive Law No
Disposition standard
Statutes at Large References 108 Stat. 2238
Public Law References Public Law 103-325
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