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.
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.
12 U.S.C. § 4807
- person
- The term "person" means an individual, partnership, company, corporation, association (incorporated or unincorporated), trust, estate, cooperative organization, or other entity.