{"identifier":"/us/usc/t12/s4807","title":12,"num":"\u00a7\u202f4807.","heading":"Time limit on agency consideration of completed applications","text":"\u00a7\u202f4807.\nTime limit on agency consideration of completed applications\n(a)\nIn general\nEach 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.\n(b)\nWaiver by applicant authorized\nAny person submitting an application to a Federal banking agency may waive the applicability of subsection (a) with respect to such application at any time.","url":"https://projectusc.org/usc/t12/s4807.html","content":[{"t":"sec","id":"/us/usc/t12/s4807","children":[{"t":"num","text":"\u00a7\u202f4807."},{"t":"heading","text":"Time limit on agency consideration of completed applications"},{"t":"subsec","id":"/us/usc/t12/s4807/a","children":[{"t":"num","text":"(a)"},{"t":"heading","text":"In general"},{"t":"content","children":[{"t":"p","text":"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.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t12/s4807/b","children":[{"t":"num","text":"(b)"},{"t":"heading","text":"Waiver by applicant authorized"},{"t":"content","children":[{"t":"p","text":"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.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"text","text":"\n"}]}]}