an application with the primary Federal payment stablecoin regulator. (B) Timing With respect to an application filed under this paragraph, the primary Federal payment stablecoin regulator shall inform the applicant whether the applicant has submitted a complete application within 45 days of receiving the application. (C) Completion of application With respect to an application filed under this paragraph, once the primary Federal payment stablecoin regulator has informed the applicant that the application is complete, such application shall be deemed to be complete unless the primary Federal payment stablecoin regulator determines that a significant change in circumstances requires otherwise. (2) Evaluation of applications A complete application received under paragraph (1) shall be evaluated by the primary Federal payment stablecoin regulator using the factors described in paragraph (3). (3) Factors to be considered The factors described in this paragraph are the following: (A) The ability of the applicant (or, in the case of an applicant that is an insured depository institution, the subsidiary of the applicant), based on the financial condition and resources, to meet the requirements set forth in section 4. (B) The general character and fitness of the management of the applicant. (C) The risks presented by the applicant and benefits provided to consumers. (4) Timing for decision