District of Columbia § 26-1106 Rejection of license application.

District of Columbia Statutes

§ 26-1106 — Rejection of license application.

District of Columbia·Title 26 Banks and Other Financial Institutions.·Ch. 11 Mortgage Lenders and Brokers.

(1)If an applicant does not meet the requirements of § 26-1103 , the Superintendent [Commissioner] shall:

(A)Immediately notify the applicant in writing of this fact;

(B)Return the bond filed under § 26-1103 ; and

(C)Refund the license fee.

(2)The Superintendent [Commissioner] shall, subject to the appropriations process, keep the investigation fee and application fee.

(b)Within 30 days after the Superintendent [Commissioner] denies an application, the Superintendent [Commissioner] shall:

(1)Issue a written decision containing the reasons upon which the denial was based;

(2)Send a copy of the decision to the applicant; and

(3)Advise the applicant of a right to a hearing which shall be held in accordance with subchapter I of Chapter 5 of Title 2 . (

Free access — add to your briefcase to read the full text and ask questions with AI

(1) If an applicant does not meet the requirements of § 26-1103 , the Superintendent [Commissioner] shall:

(A) Immediately notify the applicant in writing of this fact;

(B) Return the bond filed under § 26-1103 ; and

(C) Refund the license fee.

(2) The Superintendent [Commissioner] shall, subject to the appropriations process, keep the investigation fee and application fee.

(b) Within 30 days after the Superintendent [Commissioner] denies an application, the Superintendent [Commissioner] shall:

(1) Issue a written decision containing the reasons upon which the denial was based;

(2) Send a copy of the decision to the applicant; and

(3) Advise the applicant of a right to a hearing which shall be held in accordance with subchapter I of Chapter 5 of Title 2 .

(1) An applicant who seeks a hearing on a license application denial shall file a written request for a hearing within 45 days following receipt of the written decision for denial.

(2) A hearing date established in response to the filing of a notice under this subsection may be postponed only once for a period of up to 30 days after the initial hearing date.

District of Columbia § 26-1106 (Rejection of license application.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.