§ 40-29-107 — Revocation or suspension of financial technology sandbox authorization

(a) The commissioner or secretary may, by order, revoke or
suspend authorization granted to a person under W.S. 40-29-
104(f) if:
(i) The person has violated or refused to comply with
this act or any lawful rule, order or decision adopted by the
commissioner or secretary;
(ii) A fact or condition exists that, if it had
existed or become known at the time of the financial technology
sandbox application, would have warranted denial of the
application or the imposition of material conditions;
(iii) A material error, false statement,
misrepresentation or material omission was made in the financial
technology sandbox application; or
(iv) After consultation with the person, continued
testing of the innovative financial product or service would:
(A) Be likely to harm consumers; or
(B) No longer serve the purposes of this act
because of the financial or operational failure of the product
or service.
(b) Written notification of a revocation or suspension
order made under subsection (a) of this section shall be served
using any means authorized by law, and if the notice relates to
a suspension, include any conditions or remedial action which
shall be completed before the suspension will be lifted by the
commissioner or secretary.