Article 2.--FINANCE CHARGES AND RELATED PROVISIONS
16a-2-303.(UCCC) Denial, revocation or suspension
of license; disciplinary proceedings.
(1) The administrator may
deny, revoke or
suspend the license of a supervised lender if the administrator finds
that:
(a) The applicant or licensee has repeatedly or
willfully violated the provisions of
K.S.A. 16a-1-101 through 16a-9-102 and amendments thereto or any rule and
regulation, order or administrative interpretation
lawfully made pursuant to such sections of this act;
(b) the applicant or licensee has failed to file and maintain the surety
bond or net worth required in K.S.A. 16a-2-302,
and amendments
thereto;
(c) the applicant or licensee is insolvent;
(d) the applicant or licensee has filed with the administrator any document
or statement falsely representing or omitting a material fact;
(e) the applicant, licensee, members thereof if a copartnership or
association, or officers and directors thereof if a corporation
have
been
convicted of a felony crime or any crime involving fraud,
dishonesty or deceit or the applicant or licensee knowingly or
repeatedly contracts with or employs persons to directly engage in lending
activities who have been convicted of a felony crime or any crime involving
fraud,
dishonesty or deceit;
(f) the applicant or licensee fails to keep and maintain sufficient records
to permit an audit satisfactorily disclosing to the administrator the applicant
or licensee's compliance with the provision of this act;
(g) the applicant or licensee has been the subject of any
disciplinary action
by this or any other state or federal agency;
(h) a final judgment has been entered against the applicant or licensee in a
civil action and the administrator finds the conduct on which the judgment is
based indicates that it would be contrary to the public interest to permit such
person to be licensed;
(i) the applicant or licensee has engaged in deceptive business practices; or
(j) facts or conditions exist which would clearly have justified the
administrator in refusing to grant a license had these facts or
conditions been known to exist at the time the application for the
license was made.
(2) Any person holding a license to make supervised loans may
surrender
the license by notifying the administrator in writing of its
surrender, but this
surrender shall not affect such person's
liability for acts previously committed.
(3) No revocation, suspension, or relinquishment of a
license shall
impair or affect the obligation of any preexisting lawful contract
between the licensee and any debtor.
(4) None of the following actions shall deprive the administrator of any
jurisdiction or
right to institute or proceed with any disciplinary proceeding against such
licensee, to render a
decision suspending, revoking or refusing to renew such license, or to
establish and make a
record of the facts of any violation of law for any lawful purpose:
(a) The imposition of an administrative penalty under this section;
(b) the lapse or suspension of any license issued under this act by operation
of law;
(c) the licensee's failure to renew any license issued under this act; or
(d) the licensee's voluntary surrender of any license issued under this
act.
(5) The administrator may reinstate a license, terminate a
suspension, or grant a new license to a person whose license has been
revoked or suspended if no fact or condition then exists which clearly
would have justified the administrator in refusing to grant a license.
History: L. 1973, ch. 85, § 20; L. 1988, ch. 356, § 47;
L. 1999, ch. 107, § 13;
L. 2005, ch. 144, § 10;
L. 2009, ch. 29, § 18; July 1.
Article 2.--FINANCE CHARGES AND RELATED PROVISIONS
16a-2-303.(UCCC) Denial, revocation or suspension
of license; disciplinary proceedings.
(1) The administrator may
deny, revoke or
suspend the license of a supervised lender if the administrator finds
that:
(a) The applicant or licensee has repeatedly or
willfully violated the provisions of
K.S.A. 16a-1-101 through 16a-9-102 and amendments thereto or any rule and
regulation, order or administrative interpretation
lawfully made pursuant to such sections of this act;
(b) the applicant or licensee has failed to file and maintain the surety
bond or net worth required in K.S.A. 16a-2-302,
and amendments
thereto;
(c) the applicant or licensee is insolvent;
(d) the applicant or licensee has filed with the administrator any document
or statement falsely representing or omitting a material fact;
(e) the applicant, licensee, members thereof if a copartnership or
association, or officers and directors thereof if a corporation
have
been
convicted of a felony crime or any crime involving fraud,
dishonesty or deceit or the applicant or licensee knowingly or
repeatedly contracts with or employs persons to directly engage in lending
activities who have been convicted of a felony crime or any crime involving
fraud,
dishonesty or deceit;
(f) the applicant or licensee fails to keep and maintain sufficient records
to permit an audit satisfactorily disclosing to the administrator the applicant
or licensee's compliance with the provision of this act;
(g) the applicant or licensee has been the subject of any
disciplinary action
by this or any other state or federal agency;
(h) a final judgment has been entered against the applicant or licensee in a
civil action and the administrator finds the conduct on which the judgment is
based indicates that it would be contrary to the public interest to permit such
person to be licensed;
(i) the applicant or licensee has engaged in deceptive business practices; or
(j) facts or conditions exist which would clearly have justified the
administrator in refusing to grant a license had these facts or
conditions been known to exist at the time the application for the
license was made.
(2) Any person holding a license to make supervised loans may
surrender
the license by notifying the administrator in writing of its
surrender, but this
surrender shall not affect such person's
liability for acts previously committed.
(3) No revocation, suspension, or relinquishment of a
license shall
impair or affect the obligation of any preexisting lawful contract
between the licensee and any debtor.
(4) None of the following actions shall deprive the administrator of any
jurisdiction or
right to institute or proceed with any disciplinary proceeding against such
licensee, to render a
decision suspending, revoking or refusing to renew such license, or to
establish and make a
record of the facts of any violation of law for any lawful purpose:
(a) The imposition of an administrative penalty under this section;
(b) the lapse or suspension of any license issued under this act by operation
of law;
(c) the licensee's failure to renew any license issued under this act; or
(d) the licensee's voluntary surrender of any license issued under this
act.
(5) The administrator may reinstate a license, terminate a
suspension, or grant a new license to a person whose license has been
revoked or suspended if no fact or condition then exists which clearly
would have justified the administrator in refusing to grant a license.
History: L. 1973, ch. 85, § 20; L. 1988, ch. 356, § 47;
L. 1999, ch. 107, § 13;
L. 2005, ch. 144, § 10;
L. 2009, ch. 29, § 18; July 1.
Article 2.--FINANCE CHARGES AND RELATED PROVISIONS
16a-2-303.(UCCC) Denial, revocation or suspension
of license; disciplinary proceedings.
(1) The administrator may
deny, revoke or
suspend the license of a supervised lender if the administrator finds
that:
(a) The applicant or licensee has repeatedly or
willfully violated the provisions of
K.S.A. 16a-1-101 through 16a-9-102 and amendments thereto or any rule and
regulation, order or administrative interpretation
lawfully made pursuant to such sections of this act;
(b) the applicant or licensee has failed to file and maintain the surety
bond or net worth required in K.S.A. 16a-2-302,
and amendments
thereto;
(c) the applicant or licensee is insolvent;
(d) the applicant or licensee has filed with the administrator any document
or statement falsely representing or omitting a material fact;
(e) the applicant, licensee, members thereof if a copartnership or
association, or officers and directors thereof if a corporation
have
been
convicted of a felony crime or any crime involving fraud,
dishonesty or deceit or the applicant or licensee knowingly or
repeatedly contracts with or employs persons to directly engage in lending
activities who have been convicted of a felony crime or any crime involving
fraud,
dishonesty or deceit;
(f) the applicant or licensee fails to keep and maintain sufficient records
to permit an audit satisfactorily disclosing to the administrator the applicant
or licensee's compliance with the provision of this act;
(g) the applicant or licensee has been the subject of any
disciplinary action
by this or any other state or federal agency;
(h) a final judgment has been entered against the applicant or licensee in a
civil action and the administrator finds the conduct on which the judgment is
based indicates that it would be contrary to the public interest to permit such
person to be licensed;
(i) the applicant or licensee has engaged in deceptive business practices; or
(j) facts or conditions exist which would clearly have justified the
administrator in refusing to grant a license had these facts or
conditions been known to exist at the time the application for the
license was made.
(2) Any person holding a license to make supervised loans may
surrender
the license by notifying the administrator in writing of its
surrender, but this
surrender shall not affect such person's
liability for acts previously committed.
(3) No revocation, suspension, or relinquishment of a
license shall
impair or affect the obligation of any preexisting lawful contract
between the licensee and any debtor.
(4) None of the following actions shall deprive the administrator of any
jurisdiction or
right to institute or proceed with any disciplinary proceeding against such
licensee, to render a
decision suspending, revoking or refusing to renew such license, or to
establish and make a
record of the facts of any violation of law for any lawful purpose:
(a) The imposition of an administrative penalty under this section;
(b) the lapse or suspension of any license issued under this act by operation
of law;
(c) the licensee's failure to renew any license issued under this act; or
(d) the licensee's voluntary surrender of any license issued under this
act.
(5) The administrator may reinstate a license, terminate a
suspension, or grant a new license to a person whose license has been
revoked or suspended if no fact or condition then exists which clearly
would have justified the administrator in refusing to grant a license.
History: L. 1973, ch. 85, § 20; L. 1988, ch. 356, § 47;
L. 1999, ch. 107, § 13;
L. 2005, ch. 144, § 10;
L. 2009, ch. 29, § 18; July 1.