(1) In the event that an application is incomplete in any respect or if additional information is required, the applicant will be so notified by the division of banking and financial institutions and allowed up to 60 days in which to perfect the application or provide additional information.   An extension of this 60-day period may be obtained from the division of banking and financial institutions by showing good cause why it should be extended.

(2) In the event that an application for a charter for a foreign capital depository does not include information required by ARM 2.60.802 through 2.60.806, the board may direct that if a charter is to be issued for the applicant it shall be conditioned upon the submission of such information at least 60 days prior to the opening of the foreign capital depository and that the board finds said information unobjectionable.

(3) In the event that a charter for a foreign capital depository is granted to an applicant, the applicant, within five business days of receipt by the applicant of notice of approval of the charter, shall pay to the department an initial charter fee of $50,000, less the fee paid to the department at the time of the application pursuant to ARM 2.60.802(2) , which fee shall be deposited in the account established pursuant to 32-8-306, MCA, and thereafter shall not be refunded in whole or in part.