There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
CHAPTER 227 FIRE PREVENTION AND PROTECTION
227.630 Grounds for denial, suspension, or revocation of license or certificate of acceptability -- Payments in lieu of suspension.
Download pdf(a) A showing of insolvency in a court of competent jurisdiction;
(b) Material misstatement in application for license, certification, or certificate of acceptability; (c) Willful failure to comply with any provisions of KRS 227.550 to 227.660 or any rule or regulation promulgated by the board under KRS 227.550 to
227.660; (d) Willfully defrauding any buyer;
(e) Willful failure to perform any written agreement with any buyer or retailer;
(f) Failure to have or to maintain an established place of business;
(g) Failure to furnish or maintain the required insurance;
(h) Making a fraudulent sale, transaction, or repossession;
(i) Employment of fraudulent devices, methods, or practices in connection with the requirements under the statutes of this state with respect to the retaking of
goods under retail installment contracts and the redemption and resale of such
goods; (j) Failure by a retailer to put the title to a manufactured home, mobile home, or recreational vehicle in his name after said retailer has acquired ownership of
the manufactured home, mobile home, or recreational vehicle by trade or
otherwise; (k) Violation of any law relating to the sale or financing of manufactured homes, mobile homes, or recreational vehicles. (2) If a licensee is a firm or corporation, it shall be sufficient cause for the denial, suspension, or revocation of a license that any officer, director, or trustee of the firm
or corporation, or any member in case of a partnership, has been guilty of any act or
omission which would be cause for refusing, suspending, or revoking a license to
such party as an individual. Each licensee shall be responsible for any or all of his
or her salespersons while acting as his agent while the said agent is acting within the
scope of his authority. (3) Upon proceedings for the suspension of a license, certification, or certificate of acceptability for any of the violations enumerated in KRS 227.550 to 227.660, the
licensee or holder of a certificate of acceptability may have the alternative, subject
to the approval of the board, to pay in lieu of part or all of the days of any
suspension the sum of fifty dollars ($50) per day. Payments in lieu of suspension
collected by the board shall be deposited in the State Treasury and credited to the
general expenditure fund. Effective: July 13, 2004 Page 2 of 2 History: Amended 2004 Ky. Acts ch. 74, sec. 10, effective July 13, 2004. -- Amended 1996 Ky. Acts ch. 340, sec. 9, effective July 15, 1996. -- Amended 1976 Ky. Acts
ch. 136, sec. 9. -- Created 1974 Ky. Acts ch. 76, sec. 9.
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