Legalize§ 4807. Time limit on agency consideration of completed applications
§ 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.)
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