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So what’s happening October 1st? Not sure how the law

works

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Our understanding is that the bill officially comes into law at that point, but that just means that legally the NE Dept of Banking can start taking applications.

We are obviously on top of this and in regular communication with the department, but do not plan to share anything with the community prior to everything being approved. It's notable that others have taken a higher profile approach and their regulatory approvals are stalled. We think the best approach, given the delicate environment around what we are doing, is stealth mode until we completely cross the finish line. We really appreciate the community's understanding.

Do you know how long how it takes for an approval? Or the stages or yet to be clear?

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