TITLE 28

COMMERCIAL TRANSACTIONS

CHAPTER 46

ADMINISTRATION

PART 4.

PAYDAY LOANS

28-46-407.  Suspension or revocation of license. (1) The administrator may, after notice and hearing, suspend or revoke any license if the administrator finds that the licensee:

(a)  Has knowingly or through the lack of due care failed to pay any fee imposed by the administrator under the authority of this act;

(b)  Has committed any fraud, engaged in any dishonest activities or made any misrepresentations;

(c)  Has violated any provision of this act or any rule or order lawfully made pursuant to this act or has violated any other law in the course of the licensee’s dealing as a licensee;

(d)  Has made a materially false statement in the application for the license or failed to give a true reply to a question in the application; or

(e)  Has demonstrated incompetence or untrustworthiness to act as a licensee.

(2)  If the reason for revocation or suspension of a licensee’s license at any one (1) location is of general application to all locations operated by a licensee, the administrator may revoke or suspend all licenses issued to a licensee.

History:

[28-46-407, added 2003, ch. 182, sec. 1, p. 493; am. 2006, ch. 122, sec. 15, p. 355.]