50-1127. Same; denial, suspension, revocation or refusal to renew registration; notice.

50-1127

Chapter 50.--UNFAIR TRADE AND CONSUMER PROTECTION
Article 11.--CREDIT SERVICES ORGANIZATIONS

      50-1127.   Same; denial, suspension, revocation orrefusal to renew registration; notice.The commissioner may deny, suspend, revoke or refuseto renew a registration issuedpursuant to this act, and amendments thereto, if the commissioner finds, afternotice andopportunity for a hearing conducted in accordance with the provisions of theKansasadministrative procedure act, that:

      (a)   The applicant or registrant has repeatedly or willfully violated anyprovision of this act, anyrule and regulation promulgated thereunder or any order lawfully issued by thecommissionerpursuant to this act;

      (b)   the applicant or registrant has failed to file and maintain the suretybond required under thisact;

      (c)   the applicant or registrant is insolvent;

      (d)   the applicant or registrant has filed with the commissioner any documentor statementcontaining any false representation of a material fact or omitting to state amaterial fact;

      (e)   the applicant, registrant or any officer, director, member, owner,partner, principal or debt management counselor thereofhas been convicted of any crime;

      (f)   the applicant or registrant fails to keep and maintain sufficient recordsto permit an auditsatisfactorily disclosing to the commissioner the applicant's or registrant'scompliance with theprovision of this act;

      (g)   the applicant, registrant or an employee of the applicant or registranthas been the subject ofany disciplinary action by the commissioner or any other state or federalregulatoryagency;

      (h)   a final judgment has been entered against the applicant or registrant ina civil action and thecommissioner finds the conduct on which the judgment is based indicates that itwould becontrary to the public interest to permit such person to be registered;

      (i)   the applicant or registrant has engaged in any deceptive businesspractice;

      (j)   facts or conditions exist which would have justified the denial of theregistration or renewalhad such facts or conditions existed or been known to exist at the time theapplication forregistration or renewal was made; or

      (k)   the applicant or registrant has refused to furnish information requiredby the commissionerwithin a reasonable period of time as established by the commissioner.

      History:   L. 2004, ch. 22, § 12; July 1.