(a) The Board shall suspend or revoke any license, upon notice and reasonable opportunity to be heard, if the Board finds any of the following:(1) The licensee has failed to comply with any demand, ruling, or requirement of the Board or its design made pursuant to and within the authority of this chapter.(2) The licensee has violated any provision of this chapter or any regulation made by the Board under and within the authority of this chapter.(3) A fact or condition exists that, if it had existed at the time of the original application for the license, reasonably would have warranted the Board in refusing to issue the license originally.(4) There has been repeated failure by the finance lender, when making or negotiating loans, to take into consideration in determining the size and duration of loans, the financial ability of the borrower to repay the loan in the time and manner provided in the loan contract, or to refinance the loan at maturity.
(1) The licensee has failed to comply with any demand, ruling, or requirement of the Board or its design made pursuant to and within the authority of this chapter.
(2) The licensee has violated any provision of this chapter or any regulation made by the Board under and within the authority of this chapter.
(3) A fact or condition exists that, if it had existed at the time of the original application for the license, reasonably would have warranted the Board in refusing to issue the license originally.
(4) There has been repeated failure by the finance lender, when making or negotiating loans, to take into consideration in determining the size and duration of loans, the financial ability of the borrower to repay the loan in the time and manner provided in the loan contract, or to refinance the loan at maturity.
(b) A parent company license may not be suspended or revoked pursuant to this section as a result of any action or failure to act by a subsidiary licensee unless grounds exist for the suspension or revocation of the parent company license pursuant to this section. An order suspending or revoking a license or imposing sanctions against a licensee does not affect other licensed locations unless expressly stated in the order.