Hawaii Administrative Rules
Title 16 - DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS
Chapter 38 - SECURITIES - REPEALED
Subchapter 1 - GENERAL PROVISIONS
Section 16-38-4.5 - Action on documents submitted to the commissioner; automatic approval; extension

Universal Citation: HI Admin Rules 16-38-4.5

Current through August, 2024

(a) Unless otherwise provided by law, all documents submitted to the commissioner shall be approved or denied within sixty days after the submission of a complete application. A complete application shall consist of the appropriate form described in section 16-38-4, together with any additional documents or information and fees required under this chapter or chapter 485, HRS.

(b) The commissioner shall notify an applicant within sixty days of an application being received if the application is not complete and shall provide the applicant a list of the documents, information, and fees that must be filed in order to have the application deemed complete. An applicant shall have an additional sixty days from the receipt of the commissioner's letter within which to complete the pending application. If the application has not been completed within this time, it may be denied by the commissioner pursuant to section 485-15(1), HRS.

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