Us Code § 3023 - Appeal procedures applicable upon denial or restriction of application for assistance
Full text of Us Code United States Code § 3023 — Appeal procedures applicable upon denial or restriction of application for assistance, with citation guidance and answers to common questions.
§ 3023. Appeal procedures applicable upon denial or restriction of application for assistance
(a) If an application for assistance under this chapter is denied 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 chapter 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 this chapter, 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.
(Pub. L. 95–351, title I, §113, Aug. 20, 1978, 92 Stat. 510.)
About This Section
12 U.S.C. § 3023 is part of Title 12 of the United States Code. The United States Code is the official codification of federal statutes maintained by the Office of the Law Revision Counsel of the U.S. House of Representatives. Congress amends the Code through new public laws, which are eventually incorporated into the relevant title.
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