Sec. 48.1. (a) A license issued by the department under this chapter may be revoked or suspended by the department if the person fails to:
(1) file any renewal form required by the department; or
(2) pay any license renewal fee described under section 37 of this chapter;
not later than sixty (60) days after the due date.
(b) A person whose license is revoked or suspended under this section may:
(1) pay all delinquent fees and apply for a reinstatement of the person's license; or
(2) appeal the revocation or suspension to the department for an administrative review under IC 4-21.5-3.
Pending the decision resulting from a hearing under IC 4-21.5-3 concerning license revocation or suspension, a license remains in force.
As added by P.L.176-1996, SEC.24. Amended by P.L.89-2011, SEC.60.
Structure Indiana Code
Title 28. Financial Institutions
28-8-4-3.5. Closed System Stored Value Card
28-8-4-10. Licensed Activities
28-8-4-12. Material Litigation
28-8-4-14. Outstanding Payment Instrument
28-8-4-16. Permissible Investments
28-8-4-19.5. Stored Value Card
28-8-4-21. Form of License Applications; Surety Bond; Fee
28-8-4-24. Contents of License Applications
28-8-4-25. Applicants Not Organized as Sole Proprietorship; Contents of Applications
28-8-4-27. Surety Bond; Requirements; Amount; Termination; Liability; Notices
28-8-4-33. Conduct of Business; Insurance; Permissible Investments; Good Standing
28-8-4-34. Commonly Controlled Corporations or Organizations
28-8-4-36. Contesting Denial of License Applications
28-8-4-37. License Renewal Fees
28-8-4-38. License Renewal; Annual Requirements; Financial Statements; Fee
28-8-4-40.1. License Not Transferable or Assignable
28-8-4-40.4. Carrying on Other Business
28-8-4-40.6. Felony Convictions; Notice to Department
28-8-4-43. Making, Keeping, and Preserving Records
28-8-4-44. Maintenance and Availability of Records
28-8-4-45. Maintenance of Records at Foreign Locations
28-8-4-45.5. Duty to Safeguard Personal Records
28-8-4-46. Compliance With Money Laundering Laws; Investigation and Enforcement by Department
28-8-4-47. Confidentiality of Information; Exceptions
28-8-4-48.1. Failure to File Renewal Form or Pay Renewal Fee; Revocation or Suspension of License
28-8-4-50. Compliance by Authorized Delegates
28-8-4-51. Suspension and Barring of Authorized Delegates
28-8-4-52. Applicability of Law Governing Administrative Orders and Procedures; Venue
28-8-4-54. Claims Against Licensees and Authorized Delegates
28-8-4-55. Compromise, Settlement, and Collection of Civil Penalties