Sec. 62.556. APPEAL TO COMMISSIONER OF DENIAL. (a) If the commissioner denies an application, the applicant is entitled to a hearing if the applicant submits a written request for a hearing not later than the later of:
(1) the 30th day after the date the application is filed; or
(2) the 15th day after the date the application is denied.
(b) Not later than the 30th day after the date the hearing is closed, the commissioner shall enter a final order affirming or withdrawing the denial of the application.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Subtitle B - Savings and Loan Associations
Chapter 62 - Organizational and Financial Requirements
Subchapter L. Change of Control of Association
Section 62.551. Inapplicability of Subchapter
Section 62.552. Effect of Subchapter on Other Law
Section 62.553. Application for Change of Control
Section 62.554. Application Filing Fee
Section 62.555. Denial of Application
Section 62.556. Appeal to Commissioner of Denial
Section 62.557. Judicial Review
Section 62.558. Unauthorized Change of Control