1. A. Each organization desiring to accept money or anything of value for prepaid cemetery merchandise shall file an application for a permit with the State Banking Commissioner, and shall at the time of filing such application pay one initial filing fee of Fifty Dollars ($50.00). The Commissioner shall issue a permit upon the receipt of the application and payment of the filing fee, and upon making a finding that the applicant has complied with the rules as may be established pursuant to the Cemetery Merchandise Trust Act by the Commissioner. All such applications shall be signed by the organization requesting the permit, and shall contain a statement that the applicant will comply with all the requirements as established pursuant to the Cemetery Merchandise Trust Act. All permits shall expire on the 31st day of December of the year said permit is first issued, unless renewed; permits shall be renewed for a period not to exceed the succeeding December 31 upon the payment of a renewal fee of Fifty Dollars ($50.00). Late application for renewal of a permit shall require a fee of double the renewal fee. No application for renewal of a permit shall be accepted after January 31 of each year. Applicants shall be required to reapply as if they were a new applicant.
2. B. The Commissioner may cancel a permit or refuse to issue a permit or refuse to issue a renewal of such permit for failure to comply with any provisions of the Cemetery Merchandise Trust Act or any rules promulgated thereto by the Commissioner, after reasonable notice to the permittee and after a hearing before the Commissioner if the permittee requests a hearing in accordance with Article II of the Administrative Procedures Act.
3. C. No organization shall be entitled to a new permit after cancellation, or refusal by the Commissioner to renew a permit, but shall thereafter be issued a new permit upon satisfactory proof of compliance with the Cemetery Merchandise Trust Act.
4. D. Any person or organization aggrieved by the actions of the Commissioner may appeal therefrom to the State Banking Board as provided by the Administrative Procedures Act.

Laws 1989, SB 155, c. 297, § 21, eff. November 1, 1989; Amended by Laws 1995, HB 1951, c. 82, § 7, eff. November 1, 1995.