§ 1422.7 - Basis for approval or disapproval.

A review and an analysis will be made of the information disclosed by the warehouseman's application, warehouse examiner's report and recommendation, financial statement, credit reports, and other pertinent information available from other sources. If, on the basis of this review and analysis, it is determined that the warehouseman and the warehouse conform with the standards and other requirements set out in this subpart, the warehouse will be approved. If it is determined that the warehouseman fails to meet the standard set forth in §§ 1422.2(a)(4) and 1422.8, the warehouse will not be approved. If it is determined that one or more of the other standards of § 1422.2 are not met, the applicant may be approved as provided in § 1422.6(c).