---
type: "LegalText"
title: "12 U.S.C. § 4807"
description: "Time limit on agency consideration of completed applications"
jurisdiction: "us"
corpus: "united_states_code"
kind: "code_section"
title_number: 12
title_name: "BANKS AND BANKING"
chapter_number: "48"
chapter_name: "FINANCIAL INSTITUTIONS REGULATORY IMPROVEMENT"
section: "4807"
citation: "12 U.S.C. § 4807"
status: "current"
release_point: "119-100"
release_date: "2026-06-26"
source: "official"
source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip"
source_identifier: "/us/usc/t12/s4807"
source_file: "data/legal/raw/us/code/title-12/usc12.xml"
source_hash: "32b400e6d3ed37760c597305af1e6270bf1818891d8e421e3d3e261a201d828b"
raw_snapshot_hash: "e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa"
text_hash: "75394772e87fbf2094a02cd500ff8ea8f57238205929f4b164c1b013c0861aca"
retrieved_at: "2026-07-04"
confidence: "official"
tags: ["legal", "us-code"]
---

# 12 U.S.C. § 4807 - Time limit on agency consideration of completed applications

## Text

(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.

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