1. 1. Suspension or revocation After notice and hearing, the administrator may suspend or revoke a debt management service provider's registration if the administrator finds that one of the conditions of subsection 2 is met.

   [PL 1999, c. 560, §3 (NEW).]

2. 2. Conditions for suspension or revocation The following conditions are grounds for suspension or revocation of a registration:

   1. A. A fact or condition exists that, if it had existed at the time when the registrant applied for registration, would have been grounds for denying the application;

      [PL 1999, c. 560, §3 (NEW).]

   2. B. The registrant knowingly violates a material provision of this chapter or rule or order validly adopted by the administrator under authority of this chapter;

      [PL 1999, c. 560, §3 (NEW).]

   3. C. The registrant is insolvent;

      [PL 1999, c. 560, §3 (NEW).]

   4. D. The registrant refuses to permit the administrator to make an examination authorized by this chapter; or

      [PL 1999, c. 560, §3 (NEW).]

   5. E. The registrant fails to respond within a reasonable time and in an appropriate manner to communications from the administrator.

      [PL 1999, c. 560, §3 (NEW).]

   [PL 1999, c. 560, §3 (NEW).]

PL 1999, c. 560, §3 (NEW).