§ 13-11-10 — Revocation of license - Suspension of license - Surrender of license

1. If the commissioner has reason to believe that grounds for revocation of a license
exist, the commissioner may notify the licensee with a notice of hearing stating the
contemplated action and in general the grounds thereof and setting the time and place
for a hearing thereon. Grounds for revocation of a license include:
a. Any debt-settlement provider has failed to pay the annual license fee or to
maintain in effect the bond required under this chapter;
b. The debt-settlement provider has violated this chapter or any rule lawfully made
by the commissioner implementing this chapter;

c. Any fact or condition exists that, if it had existed at the time of the original
application for a license, would have warranted the commissioner in refusing its
issuance; or
d. Any applicant has made any false statement or representation to the
commissioner in applying for a license under this chapter.
2. If the commissioner finds that probable cause for revocation of any license exists and
that enforcement of the chapter requires immediate suspension of that license pending
investigation, the commissioner, upon written notice, may enter an order suspending
that license for a period not exceeding thirty days, pending the holding of a hearing as
prescribed in this chapter.
3. Any licensee may surrender the licensee's license by delivering the license to the
commissioner with written notice of its surrender; however, surrender of the license
does not affect the licensee's civil or criminal liability for acts committed before the
surrender of the license.