It was Chapman's sixth appearance before the board since becoming eligible for parole in 2000. He will be eligible again in 2012.
The 55-year-old had been scheduled to appear in court last month, but the hearing was postponed.
Yoko Ono, Lennon's widow, said last month that she believed Chapman is a potential threat to her family and perhaps himself.
The former maintenance man from Hawaii was sentenced to 20 years to life in prison after firing five shots outside Lennon's Manhattan building on Dec. 8, 1980, hitting Lennon four times in front of his wife and others. He pleaded guilty to second-degree murder.
Chapman was informed of the panel's most recent finding a few hours after the hearing.
Lennon would have turned 70 this October.
The Associated Press contributed to this story.
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