Sec. 8. Within a reasonable time after the application is accepted by the department for processing, but not more than one hundred twenty (120) days from the later of: (1) the date on which the application is accepted by the department; or (2) the date on which the hearing is held, if a hearing is held; the department shall either approve or disapprove the application. As added by P.L.42-1993, SEC.91. Amended by P.L.122-1994, SEC.115.
Approval or disapproval of applications
Ind. Code § 28-11-5-8, under Department Oversight of Organization of a Financial Institution.
Ind. Code § 28-11-5-8