Creates a fast, uniform timeline for certain bank-related applications. Agencies must tell applicants within 30 days if the application file is complete or what is missing (with one 30‑day extension for complex cases). Once the file is complete, the agency has 90 days to approve or deny, with only limited extensions allowed.

The agency’s completeness check can only rely on information the applicant submits. If the agency misses the 90‑day decision deadline, the application is automatically approved. This aims to add certainty and speed to bank approval processes while limiting open‑ended delays.