536A.11 - DENIAL OF LICENSE.

        536A.11  DENIAL OF LICENSE.         If the superintendent shall not approve the application, the      superintendent shall prepare a written denial of the application with      a written finding of facts which shall be sent by certified mail to      the applicant.  Within fifteen days after mailing of notice of the      denial of its application, the applicant may file with the      superintendent a written demand for a hearing on the application.      Upon such demand being made, the superintendent must within thirty      days hold a formal hearing at the superintendent's office in Des      Moines, Iowa, notice of the time of which hearing shall be given by      the superintendent to the applicant by mail within fifteen days after      the filing of the written demand by the applicant.  Notice of the      time and place of hearing shall also be given by the superintendent      to all corporations holding licenses to engage in the industrial loan      business in the county where the applicant proposes to establish its      business and notice of said time and place of hearing shall be      published pursuant to section 618.14.         At the formal hearing after the original denial of the license by      the superintendent the applicant shall be entitled to present      evidence in support of the application.  The superintendent shall      then grant or deny the application for a license within thirty days      from the date of the formal hearing and give notice to the applicant      by a decision and finding of facts in writing.  If the application      for a license is disapproved and a license is denied the      superintendent shall refund the annual license fee which was required      to be deposited by section 536A.7 providing the cost of investigation      does not exceed the investigation fee.  If the cost of investigation      exceeds the investigation fee, the excess cost shall be deducted from      the license fee before any refund is made.         Judicial review of actions of the superintendent may be sought in      accordance with the terms of the Iowa administrative procedure Act,      chapter 17A.  
         Section History: Early Form
         [C66, 71, 73, 75, 77, 79, 81, § 536A.11] 
         Section History: Recent Form
         2003 Acts, ch 44, §114