Refund Of Regulatory Fees

(1) At the request of an institution a refund will be made as follows: (a) If an institution withdraws an application within three (3) business days from filing, then all fees assessed less the convenience charge for electronic payments shall be refunded. Thereafter all fees are nonrefundable. (b) Institutions that fail to complete the application process described in Rule .07(1) of these rules shall forfeit all fees paid. (2) Fees for a Closed Institution Transcript Request and convenience charges for electronic payments are nonrefundable.