§ 19-1-3. Applications — General.
(a) All applications filed by regulated institutions shall be made to the director, or
the director's designee, other than the exceptions set forth in this title.
(b) The director, or the director's designee, shall cause notice of applications filed
to be published on the department's website and by any other method deemed by the
director, or the director's designee, to communicate with persons who are, or may
be, interested in the application. The notice shall include a provision allowing for
a public comment period. During this period, the application shall be open for public
inspection at the division of banking. If, at the end of the public comment period,
there are no objectors to the application, the director, or the director's designee,
may approve or deny the application. If there are any objectors, the director, or
the director's designee, may hold a public hearing to take testimony, under oath,
and after considering this testimony, shall approve or deny the application. Any applicant
aggrieved by any order regarding an application may appeal pursuant to the provisions
of chapter 35 of title 42.
(c) The superintendent shall collect a filing fee with respect to applications submitted
to the division of banking for consideration. All fees pursuant to this section shall
be paid to the director for the use of the state. The fees to be charged for each
type of application shall be established by the division of banking by regulation.
(d) The superintendent is hereby authorized to promulgate rules and regulations for the
implementation of this section, including, but not limited to, the establishment of
specific time periods within which a decision for the various types of applications
must be rendered by the division of banking.
(e) Any party adversely affected by a decision of the director, or the director's designee,
may make written demand upon the director, or the director's designee, within thirty
(30) days notification of the decision from which the party is appealing. A hearing
conducted pursuant to this section shall be conducted pursuant to the Administrative
Procedures Act, chapter 35 of title 42.
(f) Anyone adversely affected by a decision of the director, or the director's designee,
may appeal the decision by filing an appeal with the superior court pursuant to § 42-35-15.