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TITLE 38: FINANCIAL INSTITUTIONS
CHAPTER IV: BOARD OF SAVINGS INSTITUTIONS PART 500 BOARD OF SAVINGS INSTITUTIONS SECTION 500.700 FINAL ORDER OF THE BOARD
Section 500.700 Final Order of the Board
a) The Board may adopt, modify, amend or reject, in whole or in part, the Hearing Officer's report and shall enter a final administrative decision based upon the record not later than sixty (60) days after receipt of the Hearing Officer's report.
b) The decision will become effective immediately upon the execution of the written order, unless otherwise specified by the order.
c) Parties shall be immediately notified either personally or by mail, postage prepaid, certified or registered, addressed to the last known address to the person of the order. A copy of the order shall be delivered or mailed to each party and, if applicable, to the party's attorney of record.
d) The Board, may as part of such order, require any party to the proceeding to pay for costs and expenses of the proceeding in accordance with Sections 7-23 through 7-37 of the Act. |