§ 19-14-13. Revocation of license.
(a) The director, or the director’s designee, may, upon ten (10) days’ notice to the licensee, stating his or her intent to revoke and the grounds for revocation, and upon reasonable opportunity for the licensee to be heard, revoke any license issued under this chapter, upon finding that:
(1) The licensee has failed to comply with any demand, ruling, order, or requirement of the director, or the director’s designee, lawfully made pursuant to and within the authority of this title;
(2) The licensee has violated any provisions of this title or § 6-26-2, or any rule or regulation lawfully made by the director, or the director’s designee, under and within the authority of this chapter;
(3) Any fact or condition exists that, if it had existed at the time of the original application for the license, would have warranted the director, or the director’s designee, in refusing originally to issue the license;
(4) The licensee has committed any fraud, engaged in any dishonest activities, or made any misrepresentation;
(5) The licensee has violated any provisions of this title or any regulation issued pursuant to this title;
(6) The licensee has made a false statement in the application for the license or failed to give a true reply to a question in the application; or
(7) The licensee has demonstrated incompetency or untrustworthiness to act as a licensee pursuant to this chapter.
(b) The burden of proving the existence of these facts or conditions as grounds for revocation of a license under this section shall be upon the director, or the director’s designee. The director, or the director’s designee, if he or she has reasonable cause to believe that the grounds for revocation exist, may subpoena and investigate the business, books, and records of the licensee.
History of Section.P.L. 1995, ch. 82, § 52.
Structure Rhode Island General Laws
Title 19 - Financial Institutions
Chapter 19-14 - Licensed Activities
Section 19-14-1. - Definitions.
Section 19-14-2. - Licenses required.
Section 19-14-3. - Application for license.
Section 19-14-4. - Annual fee.
Section 19-14-5. - Minimum capital.
Section 19-14-6. - Bond of applicant.
Section 19-14-7. - Issuance or denial of license.
Section 19-14-8. - Denial of license due to incomplete application.
Section 19-14-9. - Contents of license.
Section 19-14-10. - Agent for service of process.
Section 19-14-11. - Prohibition or transfer or assignment of license.
Section 19-14-12. - Place of business — Branch offices — Name changes.
Section 19-14-13. - Revocation of license.
Section 19-14-14. - Revocation by default.
Section 19-14-15. - Suspension of license.
Section 19-14-16. - Surrender of license.
Section 19-14-17. - Contracts unimpaired by revocation, suspension, or surrender of license.
Section 19-14-18. - Reinstatement of license.
Section 19-14-19. - Filing findings on revocation or suspension.
Section 19-14-20. - Books, accounts, and records.
Section 19-14-21. - Advertising and misrepresentations.
Section 19-14-22. - Reporting requirements.
Section 19-14-23. - Examinations and investigations.
Section 19-14-24. - Tying with other business.
Section 19-14-25. - Transactions and place of business limited by license — Remote locations.
Section 19-14-26. - Penalty for violations.
Section 19-14-26.1. - Additional penalties.
Section 19-14-27. - Modification or repeal of chapter.
Section 19-14-28. - Appeal from director.
Section 19-14-29. - Appropriations — Fees.
Section 19-14-30. - Rules and regulations.
Section 19-14-31. - Pre-existing contracts.
Section 19-14-32. - Severability.
Section 19-14-33. - Compliance with federal law governing licensed activities.