32-9-126. Revocation, suspension, conditioning, and reinstatement of licenses. (1) The department, upon giving a mortgage broker, mortgage lender, or mortgage loan originator licensee 10 days' written notice, which includes a statement of the grounds for the proposed suspension, conditioning, or revocation, and informing the licensee that the licensee has the right to be heard at an administrative hearing if requested by the licensee, may suspend, condition, or revoke a license if it finds that the licensee has violated any provision of this part.
     (2) All notices, hearing schedules, and orders must be mailed to the licensee by certified mail to the address for which the license was issued.
     (3) A revocation, suspension, or surrender of a license does not relieve the licensee from civil or criminal liability for acts committed prior to the revocation, suspension, or surrender of the license.
     (4) The department may reinstate any suspended license if there is not a fact or condition existing at the time of reinstatement that would have justified the department's refusal to originally issue the license.
     (5) The department may by order vacate a revocation of a license and enter an appropriate order.

     History: En. Sec. 18, Ch. 516, L. 2003; amd. Sec. 15, Ch. 498, L. 2007; amd. Sec. 27, Ch. 321, L. 2009.