12 U.S.C. § 4807 : US Code - Section 4807: Time limit on agency consideration of completed applications

Search 12 U.S.C. § 4807 : US Code - 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) of this section with
respect to such application at any time.