Applications to establish financial institutions

Sec. 3. (a) A request to establish a financial institution must be set forth in an application: (1) prescribed by the department; and (2) containing the information required by the department. (b) Within twenty (20) business days after receiving an application under this section, the department shall: (1) accept the application for processing; (2) request additional information to complete the application; or (3) return the application if it is incomplete. As added by P.L.42-1993, SEC.91. Amended by P.L.122-1994, SEC.111.