13-42-134. Suspension, revocation, or nonrenewal of registration.
(1) In this section, "insolvent" means a provider: ceases to pay debts in the ordinary course of business other than as a result of good-faith dispute; is unable to pay debts as the debts become due; or is insolvent within the meaning of the federal bankruptcy law, 11 U.S.C. Sec. 101 et seq.
(2) The division may suspend, revoke, or deny renewal of a provider's registration if: a fact or condition exists that, if the fact or condition had existed when the registrant applied for registration as a provider, would have been a reason for the division denying the registration; the provider commits a material violation of this chapter or a rule or order of the division under this chapter; the provider is insolvent; the provider, an employee or affiliate of the provider, a lead generator for the provider, a person administering an account for the provider in accordance with Subsection, or a person to which the provider delegates the provider's obligations under an agreement or this chapter: 13-42-122(2) refuses to permit the division to make an examination authorized by this chapter; fails to comply with Subsectionno later than 15 days after the day on which the division makes a request in accordance with Section; or 13-42-132(2)(b) 13-42-132 makes a material misrepresentation or omission in complying with Subsection; or 13-42-132(2)(b) the provider fails to respond within a reasonable time and in an appropriate manner to a communication from the division.
(3) If a provider becomes insolvent, the provider shall continue to provide debt-management services to an individual with whom the provider has an agreement until: with the division's approval, the provider transfers the agreement to another registered provider; or the provider returns to the individual all unexpended money that is under the provider's control.
(4) If a provider fails to comply with Subsectionor if the division otherwise finds that the public health or safety or general welfare requires emergency action, the division may order a summary suspension of the provider's registration, effective on the date the division specifies in the order. 13-42-122(8)
(5) If the division suspends, revokes, or denies renewal of the registration of a provider, the division may seek a court order authorizing seizure of any or all of the money in a trust account required by Section, books, records, accounts, and other property of the provider which are located in this state. 13-42-122
(6) If the division suspends or revokes a provider's registration, the provider may appeal and request a hearing in accordance with. Title 63G, Chapter 4, Administrative Procedures Act