Sec. 34.55.026. Revocation.

197 words·~1 min read·/ak/title-34/chapter-55/34-55-026

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)A registration may be revoked after notice and hearing upon a written finding of fact that the subdivider has

(1)failed to comply with the terms of a cease and desist order;

(2)been convicted in a court subsequent to the filing of the application for registration for a crime involving fraud, deception, false pretenses, misrepresentation, false advertising, or dishonest dealing in real estate transactions;

(3)disposed of, concealed, or diverted funds or assets of any person so as to defeat the rights of subdivision purchasers;

(4)failed faithfully to perform a stipulation or agreement made with the department as an inducement to grant a registration, to reinstate a registration, or to approve a promotional plan or public offering statement;

(5)made intentional misrepresentations or concealed material facts in an application for registration.

(b)The findings of fact, if set out in statutory language, must be accompanied by a concise and explicit statement of the underlying facts supporting the findings.

(c)If the department finds after notice and hearing that the subdivider has been guilty of a violation for which revocation could be ordered, it may issue a cease and desist order instead.