31-1-222. Denial of licenses. Subject to the notice and opportunity for hearing provisions of 31-1-203, initial licensure or license renewal may be denied by the department on the following grounds:
     (1) material misstatement of fact or material omission of fact in the application for license or renewal;
     (2) a civil judgment against the applicant for defrauding a retail buyer in relation to financing terms of a retail installment contract; or
     (3) having had a sales finance company license or other financial services license revoked by a regulatory agency in any jurisdiction.

     History: En. Sec. 4, Ch. 282, L. 1959; amd. Sec. 138, Ch. 431, L. 1975; amd. Sec. 14, Ch. 185, L. 1977; R.C.M. 1947, 74-604; amd. Sec. 971, Ch. 56, L. 2009; amd. Sec. 5, Ch. 63, L. 2013.