Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69U - FSC - Financial Institution Regulation › Chapter 69U-105 - LICENSING AND CHARTERING OF FINANCIAL INSTITUTIONS › Section 69U-105.111 - Final Orders

Current through Reg. 50, No. 138; July 16, 2024
(1) Final orders on
				applications for cross-industry conversions, cross-industry mergers,
				cross-industry acquisitions of all or substantially all of the assets of
				another financial institution, new banks, new trust companies, new
				associations, new savings banks, new credit unions, and conversion applications
				of federal financial institutions to state-chartered financial institutions,
				excluding applications involving a foreign national, shall be issued within 180
				days after receipt of the original application, or receipt of timely requested
				additional information and/or corrections of errors or omissions, or within 30
				days after conclusion of a public hearing held on the application, whichever is
				later. The final order on all other applications, excluding applications
				involving a foreign national, shall be issued within 90 days after receipt of
				the original application, or receipt of timely requested additional information
				and/or the correction of errors or omissions, within 15 days after the
				conclusion of a public hearing held on the application, or within 45 days after
				the written report is submitted to OFR and the parties, whichever is later. The
				final order on all applications involving a foreign national shall be issued
				within 1 year after receipt of the original application, or receipt of timely
				requested additional information and/or the correction of errors or omissions,
				or within 30 days after conclusion of the public hearing held on the
				application, whichever is later.
(2) For purposes of this chapter, sections
				120.60(1) and
				120.80(3),
				F.S., the public hearing shall not be deemed concluded until the presiding
				officer or administrative law judge submits his report together with the
				complete public record to OFR, or the presiding officer or administrative law
				judge orders the case dismissed or otherwise terminated.
(3) The final order shall contain a short and
				plain statement summarizing matters presented, separately-stated findings of
				fact based exclusively on competent substantial evidence in the record, and
				conclusions of law. If a party submits exceptions as provided in rule
				69U-105.110, F.A.C., the final
				order shall include a ruling upon each exception. The final order shall state
				with particularity the grounds or basis for the issuance or denial of the
				license or merger request.
(4) An
				applicant and OFR may agree to extend the time in which to render a final order
				on an application. Such extensions shall serve to continue the time in which to
				render a final order to the date agreed in such
				extensions.
Rulemaking Authority 655.012(3), 655.411(2) FS. Law
					 Implemented 120.60(1), 120.80(3), 655.012, 665.013
					 FS.
New 11-1-77, Amended 8-3-78, 3-12-79, 5-27-81, 3-8-83,
					 Formerly 3C-9.12, 3C-9.012, Amended 8-14-94, 4-15-98, Formerly
					 3C-105.111.