D.C. Code § 26-1106: Rejection of license application.
Where this section sits in the code
- Title 26. Banks and Other Financial Institutions.
- Chapter 11. Mortgage Lenders and Brokers.
(a)
(1)
If an applicant does not meet the requirements of § 26-1103, the Superintendent [Commissioner] shall:
(A)
Immediately notify the applicant in writing of this fact;
(B)
Return the bond filed under § 26-1103; and
(C)
Refund the license fee.
(2)
The Superintendent [Commissioner] shall, subject to the appropriations process, keep the investigation fee and application fee.
(b)
Within 30 days after the Superintendent [Commissioner] denies an application, the Superintendent [Commissioner] shall:
(1)
Issue a written decision containing the reasons upon which the denial was based;
(2)
Send a copy of the decision to the applicant; and
(3)
Advise the applicant of a right to a hearing which shall be held in accordance with subchapter I of Chapter 5 of Title 2.
(c)
(1)
An applicant who seeks a hearing on a license application denial shall file a written request for a hearing within 45 days following receipt of the written decision for denial.
(2)
A hearing date established in response to the filing of a notice under this subsection may be postponed only once for a period of up to 30 days after the initial hearing date.
Collected 2026-08-29T05:44:07Z. Source file · JSON