Rejection of license application

9 V.I.C. § 790 — under Virgin Islands Finance Lenders.

9 V.I.C. § 790

(a) (1) If an applicant does not meet the requirements of licensure under this chapter, the Board shall:(A) notify the applicant in writing of this fact as provided in subsection (b);(B) return the bond filed; and(C) refund the license fee.(2) The Board shall retain the application and investigation fees.

(1) If an applicant does not meet the requirements of licensure under this chapter, the Board shall:(A) notify the applicant in writing of this fact as provided in subsection (b);(B) return the bond filed; and(C) refund the license fee.

(A) notify the applicant in writing of this fact as provided in subsection (b);

(B) return the bond filed; and

(C) refund the license fee.

(2) The Board shall retain the application and investigation fees.

(b) No later than 30 days after the Board denies an application, the Board shall issue and send a written decision to the applicant. The written decision must contain:(1) an explanation of the reasons upon which the denial was based; and(2) a statement advising the applicant of a right to a hearing and the procedure for requesting a hearing.

(1) an explanation of the reasons upon which the denial was based; and

(2) a statement advising the applicant of a right to a hearing and the procedure for requesting a hearing.

(c) An applicant who seeks a hearing on a license application denial shall file a written request not later than 15 days following receipt of the written decision for denial.

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