(a) The chief shall revoke a license if it is determined that one or more of the following is true:
(1) A licensee has given a false statement as to a material matter submitted to the chief during the application process.
(2) A licensee, an individual who is a business associate of the licensee in the same or a related business or a corporate officer of the licensee, or an employee of the licensee has been convicted within a two-year period of two or more offenses under Section 39B-5 of this chapter. If a conviction is appealed, the time period between conviction and final disposition on appeal of the conviction is not included in calculating the two-year period if the conviction is affirmed.
(3) A licensee has been convicted of any felony or of a Class A misdemeanor involving theft or fraud, including but not limited to theft, robbery, burglary, forgery, criminal simulation, deceptive business practices, securing execution of document by deception, or any other similar state or federal criminal offense, and three years have not elapsed since the termination of any sentence, parole, or probation. The fact that a conviction is being appealed shall have no effect.
(4) An applicant has been convicted of an offense under any federal or state law providing record-keeping or licensing requirements for persons purchasing or selling regulated property, and three years have not elapsed since the termination of any sentence, parole, or probation. The fact that a conviction is being appealed shall have no effect.
(b) When the chief revokes a license, the revocation shall continue for one year, and the licensee shall not be issued a license for one year from the date revocation became final. If, subsequent to revocation, the chief finds that the basis for the revocation action has been corrected or abated, the applicant may be granted a license if at least 90 days have elapsed since the date the revocation became final. If the license was revoked under Subsection (a)(3) of this section, an applicant may not be granted another license within three years of the termination of any sentence, parole, or probation. (Ord. Nos. 17398; 20241; 21310)