Texas Administrative Code
Title 7 - BANKING AND SECURITIES
Part 6 - CREDIT UNION DEPARTMENT
Chapter 93 - ADMINISTRATIVE PROCEEDINGS
Subchapter C - APPEALS TO THE COMMISSION OF PRELIMINARY DETERMINATIONS ON APPLICATIONS
Section 93.301 - Finality of Decision; Request for SOAH Hearing; Waiver of Appeal

Universal Citation: 7 TX Admin Code ยง 93.301

Current through Reg. 49, No. 38; September 20, 2024

(a) The commissioner shall issue a preliminary decision on all applications. Unless a party files a timely written appeal to the commission, the preliminary decision of the commissioner will become final and non-appealable when the time for appeal set out in Finance Code § 122.007 or § 122.011 expires. If a party submits a written waiver of its right to appeal, the preliminary commissioner's decision becomes final and non-appealable on receipt of the waiver. If a party files a timely appeal, the commissioner's preliminary decision is automatically withdrawn and the Department will refer the matter to SOAH. The commissioner may, at the commissioner's sole discretion, refer any matter to SOAH for hearing prior to and in lieu of entering a preliminary decision.

(b) Notwithstanding subsection (a) of this section, if an application is approved without modification, and no protest or comment was received during the notice period, the commissioner may determine that the preliminary decision of approval should become final immediately.

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