By what date must an approval decision be made for a complete application received on May 4th?

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For a complete application received on May 4th, the timeline for making an approval decision typically follows established regulatory or institutional guidelines. Generally, these guidelines require the decision to be made within a specific number of business days from the day the application is deemed complete.

Assuming a common regulation that mandates a decision must be made within 14 calendar days from the date of receipt, beginning the count from May 4th means the 14 days would include the following:

  • May 4th (day of receipt) counts as day 1.

  • Continuing the count, the decision should be made by May 18th, which would be the 14th day following the receipt of the application.

Therefore, the correct answer is May 18th, aligning with the expectation that a timely response facilitates better customer service and adherence to regulatory standards within the farm loan processing framework.

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