75-67-219 - Return of bond and fees upon denial of application for license.
§ 75-67-219. Return of bond and fees upon denial of application for license.
When any application for a license is denied, the commissioner shall return to the applicant the bond furnished by him and shall also return to the applicant one-half (1/2) of the license fee paid by him, the remaining one-half (1/2) thereof to be retained by the commissioner, to be disposed of as are all other collections made by the commissioner under the provisions of the Small Loan Regulatory Law (Section 75-67-101 et seq.) of this state.
Sources: Codes, 1942, § 5591-40; Laws, 1958, ch. 168, § 10; Laws, 1991, ch. 567, § 3, eff from and after July 1, 1991.