537.2303 - REVOCATION OR SUSPENSION OF LICENSE.

        537.2303  REVOCATION OR SUSPENSION OF LICENSE.         1.  The licensing authority may issue to a person subject to      regulation by that authority an order to show cause why the person's      license with respect to one or more specific places of business      should not be suspended for a period not in excess of six months, or      revoked.  The order shall set the place for a hearing and set a time      for the hearing that is not less than ten days from the date of the      order.  After the hearing, if the licensing authority finds that the      licensee has intentionally violated this chapter, or any rule or      order made pursuant to law, including an order of discontinuance, or      if facts or conditions exist which would clearly have justified the      licensing authority in refusing to grant a license for that place or      those places of business had these facts or conditions been known to      exist at the time the application for the license was made, the      licensing authority shall revoke or suspend the license or, if there      are mitigating circumstances, may accept an assurance of      discontinuance as provided in section 537.6109, and allow retention      of the license.         2.  No revocation or suspension of a license is lawful unless      prior to institution of proceedings by the licensing authority notice      is given to the licensee of the facts or conduct which warrant the      intended action, and the licensee is given an opportunity to show      compliance with all lawful requirements for retention of the license.         3.  If the licensing authority finds that probable cause for      revocation of a license exists and that enforcement of the law      requires immediate suspension of the license pending investigation,      the licensing authority may, after a hearing upon five days' written      notice, enter an order suspending the license for not more than      thirty days.         4.  Whenever the licensing authority revokes or suspends a      license, the licensing authority shall enter an order to that effect      and forthwith notify the licensee of the revocation or suspension.      Within five days after the entry of the order the licensing authority      shall deliver to the licensee a copy of the order and the findings      supporting the order.         5.  Any person holding a license to make supervised loans may      relinquish the license by notifying the licensing authority in      writing of its relinquishment, but this relinquishment does not      affect the licensee's liability for acts previously committed.         6.  No revocation, suspension or relinquishment of a license      impairs or affects the obligation of any preexisting lawful contract      between the licensee and any consumer.         7.  The licensing authority may reinstate a license, terminate a      suspension or grant a new license to a person whose license has been      revoked or suspended if no fact or condition then exists which      clearly would justify the licensing authority in refusing to grant a      license.  
         Section History: Early Form
         [C75, 77, 79, 81, § 537.2303]         Referred to in § 524.227, 533.116, 534.409, 536.29, 536A.29,      537.2304, 537.6105