§ 28-8-5-22 — Suspension or revocation of license; order to show cause; order of suspension or revocation; relinquishment of license; existing obligations; emergency order for revocation

Indiana § 28-8-5-22

• Jurisdiction: Indiana
• Art. 8: FINANCIAL SERVICES
• Ch. 5: Cashing Checks

Text

(a) The department may issue to a licensee an
order to show cause why the licensee's license should not be revoked
or suspended for a period determined by the department.
(b) An order issued under subsection (a) must:
(1) include:
(A) a statement of the place, date, and time for a meeting with
the department, which date may not be less than ten (10) days
from the date of the order;
(B) a description of the action contemplated by the department;
and
(C) a statement of the facts or conduct supporting the issuance
of the order; and
(2) be accompanied by a notice stating that the licensee is entitled
to:
(A) a reasonable opportunity to be heard; and
(B) show the licensee's compliance with all lawful requirements
for retention of the license;
at the meeting described in subdivision (1)(A).
(c) After the meeting described in subsection (b)(1)(A), the
department may revoke or suspend the license if the department finds
that:
(1) the licensee has repeatedly and willfully violated:
(A) this chapter or any applicable rule, order, or guidance
document adopted or issued by the department; or
(B) any other state or federal law, regulation, or rule applicable
to the business of cashing checks for consideration;
(2) the licensee does not meet the licensing qualifications set forth
in this chapter;
(3) the licensee obtained the license for the benefit of, or on
behalf of, a person who does not qualify for the license;
(4) the licensee knowingly or intentionally made material
misrepresentations to, or concealed material information from, the
department; or
(5) facts or conditions exist that, had they existed at the time the
licensee applied for the license, would have been grounds for the
department to deny the issuance of the license.
(d) Whenever the department revokes or suspends a license, the
department shall enter an order to that effect and notify the licensee of:
(1) the revocation or suspension;
(2) if a suspension has been ordered, the duration of the
suspension;
(3) the procedure for appealing the revocation or suspension
under IC 4-21.5-3-6; and
(4) any other terms and conditions that apply to the revocation or
suspension.
Not later than five (5) days after the entry of the order, the department
shall deliver to the licensee a copy of the order and the findings
supporting the order.
(e) Any person holding a license to engage in the business of
cashing checks for consideration may relinquish the license by
notifying the department in writing of the relinquishment. However, a
relinquishment under this subsection does not affect the person's
liability for acts previously committed and coming within the scope of
this chapter.
(f) If the director determines it to be in the public interest, the
director may pursue the revocation of a license of a licensee that has
relinquished the license under subsection (e).
(g) If a person's license is revoked, suspended, or relinquished, the
revocation, suspension, or relinquishment does not impair or affect any
obligation owed by any person under any existing lawful contract.
(h) If the director of the department has just cause to believe an
emergency exists from which it is necessary to protect the interests of
the public, the director may proceed with the revocation of a license
through an emergency or another temporary order under IC 4-21.5-4.

Legislative History

As added by P.L.42-1993, SEC.86. Amended by P.L.176-1996, SEC.25; P.L.80-1998, SEC.25; P.L.27-2012, SEC.105; P.L.186-2015, SEC.49.