Title 12 — Banks and BankingRelease 119-73not60
§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 application within 1 year after they get a completed application. The person who submitted the application can give up that 1-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 3, 2026
Release point: 119-73not60