12 USC 4807: Time limit on agency consideration of completed applications
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*Public Law 119-60 has been enacted, but classifications have not been finalized. The currency ("laws in effect") date does not reflect acts for which classifications have not been finalized.

12 USC 4807: Time limit on agency consideration of completed applications Text contains those laws in effect on January 13, 2026
From Title 12-BANKS AND BANKINGCHAPTER 48-FINANCIAL INSTITUTIONS REGULATORY IMPROVEMENT
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§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.

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