What is the Department of Financial Institutions role with regard to cable franchises?
The DFI is the exclusive franchising authority for video service providers in this state. The DFI has the legal authority to develop forms; accept forms which cable providers submit; examine the forms to determine if they are complete and comply with certain minimum requirements; accept required fees; adopt rules. The department may revoke a video service franchise issued to a video service provider if the department determines that the video service provider has failed to substantially meet a material requirement imposed upon it by the department.
