(a) After a Child Welfare Agency Review Board action, an amended license shall be issued any time there is:

1. (1) A change in the agency’s program that affects the license type, status, or capacity, or ages of children served;
2. (2) A name change; or
3. (3) An address change.

(c) Whenever ownership of a controlling interest in the operation of a child placement agency is sold, the following procedures shall be followed:

1. (1) The seller shall notify the division of the sale at least thirty (30) days prior to the completed sale;
2. (2) The seller shall remain responsible for the operation of the agency until such time as the agency is closed or a license is issued to the buyer;
3. (3) The seller shall remain liable for all penalties assessed against the agency that are imposed for violations or deficiencies occurring before the transfer of a license to the buyer;
4. (4) The buyer shall be subject to any corrective action notices to which the seller was subject; and
5. (5) The provisions of subsection (a) of this section, including those provisions regarding obtaining licenses or permits from the Office of Long-Term Care of the Division of Provider Services and Quality Assurance and regarding obtaining any permits from the Health Services Permit Agency or the Health Services Permit Commission, shall apply in their entirety to the new owner of the child welfare agency.

(d) The child placement agency shall inform current and potential clients if:

1. (1) Its license has been suspended or revoked; or
2. (2) It has voluntarily surrendered its license.