(a) The commissioner shall complete the procedures specified by this section to register securities entitled to registration by notification.
(b) The commissioner shall:
(1) examine the registration statement filed under Section 4003.052 and the accompanying papers to determine their sufficiency under the requirements of this subchapter; and
(2) record the registration by notification of the securities described on receipt of:
(A) the registration statement;
(B) any prospectus;
(C) payment of the filing fee and registration fee; and
(D) a consent to service of process, if required.