12 U.S.C. § 4115 — Timetable for approval of plan of action

(a) Within 60 days after receiving a plan of action, the Secretary^* must tell the owner^* in writing about deficiencies preventing approval and describe alternative revisions that could satisfy approval criteria. (b)(1) Within 180 days after receipt, or a longer period the owner requests, the Secretary must say in writing whether the plan, including revisions, is approved. If approval is denied, the notice must state^* the reasons and actions that could satisfy the criteria. (2) The Secretary must later give the owner a reasonable chance to revise and seek approval. (c) If the Secretary does not approve within the subsection (b) period, the Secretary must provide the incentives and assistance the owner would have received had the deadlines been met. This does not apply when deficiencies prevented approval. The owner may sue in the proper Federal district court to enforce this subsection.