A failure by a licensee to return a lock-in fee to an applicant pursuant to the terms of its agreement with the applicant shall constitute grounds to revoke the license of such licensee.

Authority: T.C.A. §§ 45-1-107(h), 45-13-103 and 45-13-405(a). Administrative History: Original rule filed January 25, 1989; effective May 1, 1989. Repeal and new rule filed May 28, 2010; effective October 29, 2010.