TIME LIMIT ON AGENCY CONSIDERATION OF COMPLETED APPLICATIONS.

SEC. 343. [12 U.S.C. 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.