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Home >> Legal Service >> US Codes >> Title 12 Banks and Banking >> CHAPTER 48 >> § 4807
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| § 4807. Time limit on agency consideration of completed applications |
§ 4807. Time limit on agency consideration of completed applications
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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) of this section with respect to such application at any time.
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