(1) If an application is received in accordance with section 4, the bank will carry out the necessary investigation on the said application and if it finds it necessary to obtain additional information or details during such investigation, it may request additional information or details from the institution making such application. (2) When conducting an investigation in accordance with subsection (1), the bank If it is deemed appropriate to grant a permit, the applicant shall be given a permit in the prescribed format for financial mediation after receiving the prescribed fee. (3) When the permit is granted or rejected in accordance with sub-section (2), such information shall be given from the date of receipt of the application or if additional information or details are requested in accordance with sub-section (1). Or it should be given within seventy five days from the date of receipt of the details. (4) …………………