5 Del. Admin. Code § 711-6.0

Current through Register Vol. 28, No. 4, October 1, 2024

Section 711-6.0 - Commissioner's Determination

6.1 If the Commissioner has cause to believe that because of the conversion or Simultaneous Transaction, accessible banking services will be significantly diminished or that the Applicant would not satisfy one or more of the criteria for the issuance of a Certificate of Public Convenience and Advantage in accordance with Section 726 of Title 5, Delaware Code, the Commissioner will, not later than 45 days after the close of the comment period, advise the Applicant of such objection, together with the grounds therefore. At the request of the Applicant, the Commissioner will proceed to give notice and conduct a hearing in accordance with the Administrative Procedures Act, Chapter 101, Title 29, Delaware Code.

6.2 If the Commissioner or Deputy Commissioner presides at a public hearing conducted pursuant to this Regulation and if the decision on the Application is not adverse to the Applicant, the Commissioner may waive the entry of a proposed order and may instead proceed directly to the entry of a final order.