Order denying or revoking license; contracts unaffected by disciplinary action or expiration of license.
1. The Commissioner may, after notice and hearing, enter an order:
(a) Denying a license to any applicant who fails to establish, at the hearing, its financial responsibility, experience, character and general fitness to engage in debt adjusting; or
(b) Revoking the license of a licensee who fails to overcome, at the hearing, the probable cause for the revocation found by the Commissioner.
2. The denial, expiration, suspension or revocation of a license, as provided in this chapter, does not impair nor affect the obligation under any lawful contract for debt adjustment.
Last modified: February 26, 2006