§ 2104. Request for reconsideration; review of denial of application
(a)(1) If the Commissioner denies an application, not later than 15 days after the date of denial the applicant may request that the Commissioner reconsider the application.
(2) The applicant shall submit his or her request in writing and shall respond specifically to the Commissioner’s stated reason or reasons for denial.
(b)(1) The Commissioner shall reconsider the application in light of the applicant’s request and response and issue a decision not later than 60 days after the date of the request.
(2) If the Commissioner finds that the applicant meets the requirements of subsection 2103(a) of this title, he or she shall issue a license.
(3) If the Commissioner finds that the applicant does not meet the requirements of subsection 2103(a) of this title, the Commissioner shall not issue a license and shall:
(A) return to the applicant the bond, if any, and any amounts paid for the applicable license fee; and
(B) retain the investigation fee to cover the costs of investigating the application.
(c) The applicant may appeal the Commissioner’s decision by filing an action in the civil division of the Washington County Superior Court not later than 15 days after the date the Commissioner denied the request for reconsideration. (Added 2019, No. 20, § 2; amended 2019, No. 103 (Adj. Sess.), § 8.)
Structure Vermont Statutes
Title 8 - Banking and Insurance
Chapter 72 - General Provisions
§ 2100. Application of chapter
§ 2102. Application for license
§ 2103. Approval of application and issuance of license
§ 2104. Request for reconsideration; review of denial of application
§ 2105. Contents of license; nontransferable
§ 2106. Additional place of business; change of place of business
§ 2108. Notification of material change
§ 2109. Annual renewal of license
§ 2110. Revocation, suspension, termination, or nonrenewal of license; cease and desist orders
§ 2111. Revocation, suspension, termination, or nonrenewal where more than one place of business
§ 2112. Surrender of license; no effect on liability; reinstatement
§ 2116. Administrative procedure
§ 2117. Examinations and investigations; examination fees
§ 2119. Records required of licensee
§ 2120. Annual report; call reports
§ 2122. Use of other names or business places
§ 2124. Nationwide Multistate Licensing System and Registry
§ 2125. Report to Nationwide Multistate Licensing System and Registry