Texas Register
TITLE 7 BANKING AND SECURITIES
PART 2TEXAS DEPARTMENT OF BANKING
CHAPTER 27APPLICATIONS
RULE §27.1Notices to Applicants; Application Processing Times; Appeals
ISSUE 07/06/2001
ACTION Proposed
Preamble Texas Admin Code Rule
(a)An application for prepaid funeral sellers permit or[,] perpetual care cemetery certificate of authority[ , or sale of checks license] granted by the commissioner must be filed on a form or in a manner approved by the banking commissioner. The department shall issue a written notice informing each applicant either that the application is complete and accepted for filing, or that the application is deficient and that specific additional information is required. The department shall issue the notice to the applicant within the period indicated for the following:

  (1)prepaid funeral seller's permits: 10 days; and

  (2)perpetual care cemetery certificates of authority: 10 days[ ; and]

  [(3)sale of checks licenses: 10 days].

(b)The commissioner shall determine whether to deny or approve an application within the following periods and in the following manner after a complete application has been accepted for filing:

  (1)prepaid funeral seller's permits: 45 days; and

  (2)perpetual care cemetery certificates of authority: 45 days[ ; and]

  [(3)sale of checks licenses: 45 days].

(c)-(d)(No change.)

This agency hereby certifies that the proposal has been reviewed by legal counsel and found to be within the agency's legal authority to adopt.

Filed with the Office of the Secretary of State, on June 22, 2001

TRD-200103538

Everette D. Jobe

Certifying Official

Texas Department of Banking

Proposed date of adoption: August 17, 2001

For further information, please call: (512) 475-1300

 

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