Texas Finance Code

§ 62.556 — APPEAL TO COMMISSIONER OF DENIAL

FI § 62.556Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part B. SAVINGS AND LOAN ASSOCIATIONS · Ch. 62. ORGANIZATIONAL AND FINANCIAL REQUIREMENTS · Art. L. CHANGE OF CONTROL OF ASSOCIATION

Statute text

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(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.

Legislative history

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.