31-1-222. Denial of licenses.
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/mt/title-31/chapter-1/part-2/31-1-222·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
31-1-222 . Denial of licenses. Subject to the notice and opportunity for hearing provisions of 31-1-203 , initial licensure or license renewal may be denied by the department on the following grounds:
(1)material misstatement of fact or material omission of fact in the application for license or renewal;
(2)a civil judgment against the applicant for defrauding a retail buyer in relation to financing terms of a retail installment contract; or
(3)having had a sales finance company license or other financial services license revoked by a regulatory agency in any jurisdiction.