StacksVerified U.S. regulatory reference

12 U.S.C. § 4807

Verified against govinfo.gov as of June 20, 2026View official text on govinfo.gov ↗
  1. (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.
  2. (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.