12 USC § 4807 - Time limit on agency consideration of completed applications

---
identifier: "/us/usc/t12/s4807"
source: "usc"
legal_status: "official_prima_facie"
title: "12 USC § 4807 - Time limit on agency consideration of completed applications"
title_number: 12
title_name: "BANKS AND BANKING"
section_number: "4807"
section_name: "Time limit on agency consideration of completed applications"
chapter_number: 48
chapter_name: "FINANCIAL INSTITUTIONS REGULATORY IMPROVEMENT"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Pub. L. 103–325, title III, § 343, Sept. 23, 1994, 108 Stat. 2238.)"
---


# § 4807. Time limit on agency consideration of completed applications

**(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.

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**Source Credit**: (Pub. L. 103–325, title III, § 343, Sept. 23, 1994, 108 Stat. 2238.)