§ 23-52-114 - Revocation or suspension of permit. - Arkansas Statutes

23-52-114. Revocation or suspension of permit.

(a) After notice and hearing, the State Board of Collection Agencies may suspend or revoke any permit if the Chairman of the State Board of Collection Agencies finds that the check-casher either knowingly or through lack of due care has committed one (1) of the following:

(1) Failed to pay the annual permit fee imposed by this chapter or an examination fee imposed by the board under the authority of this chapter;

(2) Violated a provision of this chapter or an administrative regulation issued pursuant to this chapter; and

(3) Made a false statement in the application for the permit or failed to give a true reply to a question in the application.

(b) If the reason for revocation or suspension of a permit of the check-casher at any one (1) location is of general application to all locations operated by a check-casher, the board may revoke or suspend all permits issued to the check-casher.

(c) Any hearing under this section shall be held on written notice given at least twenty (20) days prior to the date of the hearing.