Sec. 5. (a) The department may hold a hearing to determine whether to approve an application filed under section 3 of this chapter.
(b) A hearing may not be held until ten (10) days after the date of the publication of the notice required by section 6 of this chapter.
(c) If the department holds a hearing under this section, the hearing must be held within ninety (90) days after the application is accepted by the department for processing.
As added by P.L.42-1993, SEC.91. Amended by P.L.122-1994, SEC.113.
Structure Indiana Code
Title 28. Financial Institutions
Article 11. Department of Financial Institutions
Chapter 5. Department Oversight of Organization of a Financial Institution
28-11-5-1. Application of Chapter
28-11-5-3. Applications to Establish Financial Institutions
28-11-5-4. Investigation of Applicant; Disapproval of Application; Submission of Fingerprints
28-11-5-4.5. Background Checks; Fingerprints
28-11-5-5. Hearings on Applications
28-11-5-6. Notice of Applications Subject to Hearings
28-11-5-8. Approval or Disapproval of Applications