Sec. 7. (a) This section applies only if the department holds a hearing under section 5 of this chapter.
(b) At the time and place designated in the notice, any of the following may conduct the hearing:
(1) All the members of the department.
(2) Any number of the members.
(3) The director of the department.
(4) A deputy director of the department.
(5) The supervisor in charge of the division of the department that would have jurisdiction of the financial institution, if it is established.
(c) Any person who is interested may appear and be heard, either in person or by the person's attorney.
(d) A report of the hearing, in the form and detail the department prescribes, shall be prepared and filed in the department.
As added by P.L.42-1993, SEC.91. Amended by P.L.122-1994, SEC.114.
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