Montana § 31-1-222 Denial Of Licenses

Montana Statutes

§ 31-1-222 — Denial Of Licenses

Montana·Title 31 CREDIT TRANSACTIONS AND RELATIONSHIPS·Ch. 1 CREDIT TRANSACTIONS·Part 2 Retail Installment Sales

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.

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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.

Montana § 31-1-222 (Denial Of Licenses) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

En. Sec. 4, Ch. 282, L. 1959; amd. Sec. 138, Ch. 431, L. 1975; amd. Sec. 14, Ch. 185, L. 1977; R.C.M. 1947, 74-604; amd. Sec. 971, Ch. 56, L. 2009; amd. Sec. 5, Ch. 63, L. 2013.