§ 3023. Appeal procedures applicable upon denial or restriction of application for assistance

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1. 1978

   National Consumer Cooperative Bank Act

   Pub. L. 95–351 title I § 113 · 92 Stat. 499

   Enacted · 12 U.S.C. § 3023

   (Pub. L. 95–351, title I, § 113, Aug. 20, 1978, 92 Stat. 510.)

   Source evidence

   Code source credit
   (Pub. L. 95–351, title I, § 113, Aug. 20, 1978, 92 Stat. 510.)

   Enacted provision · exact public law section
   Sec. 113. appeals (a) If an application for assistance under this Act is denied 12 USC 3023. in whole or in part, the applicant shall be informed within thirty days in writing of the reasons for the denial or restriction. (b) Any applicant for assistance under this Act receiving notice of denial or restriction of the application may, within thirty days of receipt of such notice, request the Board of Directors to review the application and notice of denial or restriction for a determination of whether the action of the Bank was correctly within the terms of the Act, the regulations, and the policy of the Board. The Board shall consider the request for review at its next meeting and promptly inform the applicant of its determination and the reasons therefor.

1 of 1 references resolved to an enrolled provision