Sec. 8. Within a reasonable time after the application is accepted by the department for processing, but not more than one hundred twenty (120) days from the later of:
(1) the date on which the application is accepted by the department; or
(2) the date on which the hearing is held, if a hearing is held;
the department shall either approve or disapprove the application.
As added by P.L.42-1993, SEC.91. Amended by P.L.122-1994, SEC.115.
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