The Office of Consumer Protection may refuse to grant a license under this Chapter to any individual and may suspend, revoke or refuse to renew the license of any person if it finds:
(a) The person has violated or is attempting to violate any provisions of this Chapter or any rule or regulation adopted under this Chapter.
(b) A similar license issued to the person has been suspended, revoked or refused in another jurisdiction for a reason which would justify such action under this section.
(c) Any officer, manager, agent or employee of the individual or dealer has violated or is attempting to violate any provision of this Chapter or any rule or regulation adopted under this Chapter unless the person or dealer:
(1) Had no knowledge of the wrongful conduct and in the exercise of reasonable diligence could not have known of the conduct; and
(2) Was unable to prevent the violation or attempted violation with the exercise of reasonable diligence.
(d) The person or dealer has been convicted of theft or a felony on one (1) or more occasions within the past seven (7) years. (1981 L.M.C., ch. 27, § 1; 1983 L.M.C., ch. 28, § 1; 1996 L.M.C., ch. 13, § 1; 2005 L.M.C., ch. 26, § 1.)
Editor’s note—2005 L.M.C., ch. 26, §§ 2 and 3, state:
Sec. 2. Regulations. A regulation which implements a function transferred to the Office of Consumer Protection by this Act continues in effect until otherwise amended or repealed, but any reference to any predecessor department or office must be treated as referring to the Office of Consumer Protection.
Sec. 3. Transition. This act does not invalidate or affect any action taken by the Department of Housing and Community Affairs before this Act took effect. Any responsibility or right granted by law, regulation, contract, or other document, and which is associated with a function transferred by this Act from the Department of Housing and Community Affairs, is transferred to the Office of Consumer Protection.