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12 U.S.C. § 4807Time limit on agency consideration of completed applications

submitted 32 years ago by Pub. L. 103-325 to r/title-12-BANKS-AND-BANKING · 68 words · no verdicts yet

in plain englishAI-generated · not legal advice

A translation hasn’t been published for this section yet. The official text below is complete and authoritative.

the actual law source: uscode.house.gov ↗public domain
(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.)

history & why it existsrecord from the source credit
  • 1994Enacted · Pub. L. 103-325 · 108 Stat. 2238

A history note hasn’t been published yet. The record shows enactment by Pub. L. 103-325 on 1994-09-23.

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