(a) Failure of the department to act within any of the time limits established by
this chapter or regulations issued pursuant thereto shall not deprive the department
of jurisdiction thereafter to act in regard to the matter involved without need for
resubmittal of any application, request, or similar action.
(b) Any action, application, or request requiring department approval under this chapter
may be withdrawn by the applicant prior to department action thereon without prejudice
to the applicant's right to resubmit such application at a later date. If such application has been forwarded to the department through the Secretary of
State, the department shall notify the Secretary of State of any such withdrawal and
that the application or request is no longer pending.
(c) The department may impose conditions on any approval, including but not limited
to conditions designed to address competitive, financial, managerial, safety and soundness,
convenience and needs, compliance, and other concerns, to ensure that such approval
is consistent with the provisions of this chapter.
(d) The department may nullify a decision on any request, action, or application if:
(1) The department becomes aware of any material misrepresentation or omission by
(2) The department is not promptly informed by the applicant of a subsequent material
change in circumstances;
(3) The decision is contrary to law, regulation, or departmental policy; or
(4) The decision was granted due to clerical or administrative error or was based
on a material mistake of law or fact.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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