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SEC. 40B-15.   REVOCATION.
   (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 three or more offenses under 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 has no effect.
      (4)   A licensee has been convicted of an offense under any federal or state law providing recordkeeping or licensing requirements for persons purchasing or selling regulated metal property, and three years have not elapsed since the termination of any sentence, parole, or probation. The fact that a conviction is being appealed has no effect.
      (5)   A cause for suspension under Section 40B-14 has occurred and the license has already been suspended at least once within the preceding 12 months.
      (6)   The licensee does not qualify for a license under Section 40B-11(a).
   (b)   The chief shall send to the licensee by certified mail, return receipt requested, a written statement of the reasons for the revocation and of the licensee’s right to appeal.
   (c)   When the chief revokes a license, the revocation will continue for one year, and the licensee may 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 If the license was revoked under Subsection (a)(3) or (a)(4) of this section, an applicant may not be granted another license within three years of the termination of any sentence,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. 22958; 27202; 27249)