Fabio
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Ingested titles 12–51 and 54 from OLRC USLM XML @119-100 (the whole Code now, uniform edition; Title 53 is reserved/empty). LegalText 11,221 -> 59,740; repo total 105,704 records. Deterministic (byte-identical rerun, verified on Title 42's 8,356 sections); make check green. make legal-us-code default now covers every title. Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
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| LegalText | 12 U.S.C. § 4115 | Timetable for approval of plan of action | us | united_states_code | code_section | 12 | BANKS AND BANKING | 42 | LOW-INCOME HOUSING PRESERVATION AND RESIDENT HOMEOWNERSHIP | 4115 | 12 U.S.C. § 4115 | current | 119-100 | 2026-06-26 | official | https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip | /us/usc/t12/s4115 | data/legal/raw/us/code/title-12/usc12.xml | e7b6b6e59b994db827e2c68fed55ec7cc7af05e4a5d4bcddf78cd6e7c8ebdc03 | e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa | f561cd4faae201a1e57f543454a18eb5bb163906b94e07d861b657150da85f5d | 2026-07-04 | official |
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12 U.S.C. § 4115 - Timetable for approval of plan of action
Text
(a) Notification of deficiencies Not later than 60 days after receipt of a plan of action, the Secretary shall notify the owner in writing of any deficiencies that prevent the plan of action from being approved. If deficiencies are found, such notice shall describe alternative ways in which the plan may be revised to meet the criteria for approval.
(b) Notification of approval (1) In general Not later than 180 days after receipt of a plan of action, or such longer period as the owner requests, the Secretary shall notify the owner in writing whether the plan of action, including any revisions, is approved. If approval is withheld, the notice shall describe—
(A) the reasons for withholding approval; and
(B) the actions that could be taken to meet the criteria for approval.
(2) Opportunity to revise The Secretary shall subsequently give the owner a reasonable opportunity to revise the plan of action and seek approval.
(c) Delayed approval If the Secretary does not approve a plan of action within the period under subsection (b), the Secretary shall provide incentives and assistance under this subchapter in the amount that the owner would have received if the Secretary had complied with such time limitations. The preceding sentence shall not apply if the plan of action was not approved because of deficiencies. An owner may bring an action in the appropriate Federal district court to enforce this subsection.
(Pub. L. 100–242, title II, § 225, as added Pub. L. 101–625, title VI, § 601(a), Nov. 28, 1990, 104 Stat. 4266.)