Title 12 — Banks and BankingRelease 119-73
§4807 Time limit on agency consideration of completed applications
Title 12 › Chapter CHAPTER 48— - FINANCIAL INSTITUTIONS REGULATORY IMPROVEMENT › § 4807
Summary
Federal banking agencies must decide on any application that is complete when they get it within one year of receipt. The person who filed the application can give up that one-year deadline at any time.
Full Legal Text
Title 12, §4807
Banks and Banking — Source: USLM XML via OLRC
(a)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)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.
Reference
Citations & Metadata
Citation
12 U.S.C. § 4807
Title 12 — Banks and Banking
Last Updated
Apr 6, 2026
Release point: 119-73