Texas Finance Code 92.557 – Notice of Intent to Deny; Hearing
Current as of: 2024 | Check for updates
|
Other versions
(a) Not later than the 60th day after the date the application is filed, the commissioner shall:
(1) approve the application without a hearing; or
(2) notify the transferee in writing that the commissioner intends to deny the application and state the grounds for denial.
(b) Not later than the 30th day after the date notice of intent to deny is mailed to the transferee, the transferee may file a written request for a hearing on the application.
Terms Used In Texas Finance Code 92.557
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- in writing: includes any representation of words, letters, or figures, whether by writing, printing, or other means. See Texas Government Code 312.011
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
- Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005
(c) The commissioner may immediately enter a final and nonappealable order denying the application if a hearing is not timely requested.
(d) If a hearing is to be held, the commissioner shall issue public notice of the application and shall give any interested person an opportunity to appear, present evidence, and be heard for or against the application. A hearing officer designated by the commissioner shall hold the hearing.
(e) After the hearing, the commissioner shall enter a final order approving or denying the application.