3005. INCOMPLETE AND ABANDONED APPLICATIONS

3005 INCOMPLETE AND ABANDONED APPLICATIONS 3005.1 An application shall be deemed incomplete if it omits required information, documents, or material facts. 3005.2 If the Commissioner determines that an application is incomplete, the Commissioner shall notify the applicant of the deficiencies through the NMLS. The applicant shall correct a deficiency associated with an application within forty-five (45) days of being notified through the NMLS that the application is deficient. 3005.3 If the applicant fails to complete the application or respond to deficiencies within the forty-five (45) day period, the application will be considered abandoned. 3005.4 Abandonment of an application pursuant to this chapter shall not preclude the applicant from submitting a new application and appropriate fees for a license. SOURCE: Final Rulemaking published at 65 DCR 8395 (August 10, 2018). District of Columbia Municipal Regulations Banking and Financial Institutions 26-C DCMR § 3005