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I'm registered to take the LSAT in Feb. My school is in the process of sending my transcripts to LSAC but I don't know if they'll be processed by the Feb.1 deadline. My LOR's aren't finished and probably won't be processed by Feb.1. I'd like to know what would happen to my application if I applied now. Would it be automatically rejected or would they wait until the Feb LSAT scores come out to look at my application, at which point they'd have my complete application with GPA and LOR's.

And I know I'm behind on everything but I decided last minute to apply.

You should probably wait till next cycle.

If your transcripts aren't processed, I don't think you can submit an application.