§ 19-14.8-34. Suspension, revocation or nonrenewal of registration.
(a) In this section, “insolvent” means:
(1) Having generally ceased to pay debts in the ordinary course of business other than as a result of good-faith dispute;
(2) Being unable to pay debts as they become due; or
(3) Being insolvent within the meaning of the federal bankruptcy law, 11 U.S.C. § 101 et seq., as amended.
(b) The director may suspend, revoke, or deny renewal of a provider’s registration if:
(1) A fact or condition exists that, if it had existed when the registrant applied for registration as a provider, would have been a reason for denying registration;
(2) The provider has committed a material violation of this chapter or a rule or order of the director under this chapter;
(3) The provider is insolvent;
(4) The provider or an employee or affiliate of the provider has refused to permit the director to make an examination authorized by this chapter, failed to comply with § 19-14.8-32(b)(2) within fifteen (15) days after request, or made a material misrepresentation or omission in complying with § 19-14.8-32(b)(2); or
(5) The provider has not responded within a reasonable time and in an appropriate manner to communications from the director.
(c) If a provider does not comply with § 19-14.8-22(f) or if the director otherwise finds that the public health or safety or general welfare requires emergency action, the director may order a summary suspension of the provider’s registration, effective on the date specified in the order.
(d) If the director suspends, revokes, or denies renewal of the registration of a provider, the director may seek a court order authorizing seizure of any or all of the money in a trust account required by § 19-14.8-22, books, records, accounts, and other property of the provider that are located in this state.
(e) If the director suspends or revokes a provider’s registration, the provider may appeal and request a hearing pursuant to chapter 35 of title 42.
History of Section.P.L. 2006, ch. 243, § 3; P.L. 2006, ch. 291, § 3.
Structure Rhode Island General Laws
Title 19 - Financial Institutions
Chapter 19-14.8 - Uniform Debt-Management Services Act
Section 19-14.8-1. - Short title.
Section 19-14.8-2. - Definitions.
Section 19-14.8-3. - Exempt agreements and person.
Section 19-14.8-4. - Registration required.
Section 19-14.8-5. - Application for registration — Form, fee and accompanying documents.
Section 19-14.8-6. - Application for registration — Required information.
Section 19-14.8-7. - Application for registration — Obligation to update.
Section 19-14.8-8. - Application for registration — Public information.
Section 19-14.8-9. - Certificate of registration — Issuance or denial.
Section 19-14.8-10. - Certificate of registration — Timing.
Section 19-14.8-11. - Renewal of registration.
Section 19-14.8-12. - [Repealed.]
Section 19-14.8-13. - Bond required.
Section 19-14.8-14. - Bond required — Substitute.
Section 19-14.8-15. - Requirement of good faith.
Section 19-14.8-16. - Customer service.
Section 19-14.8-17. - Prerequisites for providing debt-management services.
Section 19-14.8-18. - Communication by electronic or other means.
Section 19-14.8-19. - Form and content of agreement.
Section 19-14.8-20. - Cancellation of agreement — Waiver.
Section 19-14.8-21. - Required language.
Section 19-14.8-22. - Trust account.
Section 19-14.8-23. - Fees and other charges.
Section 19-14.8-24. - Voluntary contributions.
Section 19-14.8-25. - Voidable agreements.
Section 19-14.8-26. - Termination of agreements.
Section 19-14.8-27. - Periodic reports and retention of records.
Section 19-14.8-28. - Prohibited acts and practices.
Section 19-14.8-29. - Notice of litigation.
Section 19-14.8-30. - Advertising.
Section 19-14.8-31. - Liability for the conduct of other persons.
Section 19-14.8-32. - Powers of director or director’s designee.
Section 19-14.8-33. - Administrative remedies.
Section 19-14.8-34. - Suspension, revocation or nonrenewal of registration.
Section 19-14.8-35. - Private enforcement.
Section 19-14.8-36. - Violation of unfair or deceptive practices statute.
Section 19-14.8-37. - Statute of limitations.
Section 19-14.8-38. - Uniformity of application and construction.
Section 19-14.8-39. - Relation to Electronic Signatures in Global and National Commerce Act.
Section 19-14.8-40. - Transitional provisions — Application to existing transactions.
Section 19-14.8-41. - Severability.