12 U.S.C. § 4807

Current through P.L. 118-106 (published on www.congress.gov on 10/04/2024)

Section 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) with respect to such application at any time.

12 U.S.C. § 4807

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

person

The term "person" means an individual, partnership, company, corporation, association (incorporated or unincorporated), trust, estate, cooperative organization, or other entity.