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

138 words·~1 min read·/usc/title-12/section-3023

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(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.)

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Public Law 95–351
To provide for consumers a further means of minimizing the impact of inflation and economic depression by narrowing the price spread between costs to the producer and the consumer of needed goods, services, facilities, and commodities through the development and funding of specialized credit sources

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Pub. L. 95–351, title I, § 113
92 Stat. 510

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§ 3023

Appeal procedures applicable upon denial or restriction of application for assistance

Stat.×1

Pub. L.Pub. L. 95–351, title I, § 113

Stat.92 Stat. 510

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