Title 12, Banks and BankingRelease 119-110
§4807 Time Limit on Agency Consideration of Completed Applications
Title 12 › CHAPTER 48 — FINANCIAL INSTITUTIONS REGULATORY IMPROVEMENT › § 4807
Summary
Federal banking agencies must make a final decision on any completed application within one year after they receive it. The person who applied 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)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.
Reference
Citations & Metadata
Citation
12 U.S.C. § 4807
Title 12, Banks and Banking
Last Updated
Sep 22, 2026
Release point: 119-110