Whenever the Commissioner approves or denies an application, rejects an application for filing, or orders an application to be abandoned, the Commissioner shall serve notice of his decision on the applicant. In case the Commissioner denies an application, rejects an application for filing, or orders an application to be abandoned, such notice shall contain a brief statement of the reasons for the decision.

Note: Authority cited: Sections 215, 4831, 31101 and 33202, Financial Code.

History

1. Change without regulatory effect amending section and adding new Note filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).