| (a) Purpose and Applicability. Applications submitted
to the Department must comply with the requirements of this section.
(b) Application Forms. All applications must be made
on the current form for the application prescribed by the Commissioner.
(c) Incomplete Filings; Notice of Acceptance; Deemed
Withdrawal. An application is complete only if all required information
and supporting documentation is included and all required fees are
received. On or before 30 days after the date the Department receives
the application, the Commissioner or the Commissioner's designee will
issue a written notice to the applicant informing them either that
the application is complete and accepted for filing, or that the application
is incomplete and specifying the information required to render the
application complete. The application may be deemed withdrawn and
the applicable fee forfeited if, on or before 30 days after the date
the applicant is notified the application is incomplete, the applicant
fails to provide to the Department the supplemental information or
supporting documentation necessary to render the application complete.
(d) Duty to Supplement. The applicant has a continuing
obligation and duty to supplement the application with any other information
or supporting documentation requested by the Commissioner in writing.
The applicant must provide any information or supporting documentation
submitted in connection with any related application made to the appropriate
federal banking agency, to the extent not previously provided to the
Department.
(e) Duty to Amend. If a material change occurs in the
facts contained in or information furnished in support of the application,
the applicant must file an amended application or otherwise supplement
the application to address the material change. The applicant must
endeavor to resolve any potential changes or amendments to the application
prior to publishing public notice of the application as provided by §60.103
of this title (relating to Public Notice of Application). The Commissioner
may, in his or her sole discretion, require the applicant to republish
the public notice.
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