2018 Mississippi Code
Title 81 - Banks and Financial Institutions
Chapter 22 - Mississippi Debt Management Services Act
§ 81-22-25. Suspension or revocation of registration
(1) Suspension or revocation. — After notice and hearing, the commissioner may suspend or revoke a debt management service provider’s license if the commissioner finds that one of the conditions of subsection (2) of this section is met.
(2) Conditions for suspension or revocation. — The following conditions are grounds for suspension or revocation of a registration:
(a) A fact or condition exists that, if it had existed at the time when the licensee applied for a license, would have been grounds for denying the application;
(b) The licensee knowingly violates a material provision of this chapter or rule or order validly adopted by the commissioner under authority of this chapter;
(c) The licensee is insolvent;
(d) The licensee refuses to permit the commissioner to make an examination authorized by this chapter; or
(e) The licensee fails to respond within a reasonable time and in an appropriate manner to communications from the commissioner.