1999 Minnesota Statutes

     332.20 Suspending, revoking, or refusing to renew 
  license.  

    Subdivision 1.    Procedure.  The commissioner may 
 revoke, suspend or refuse to renew any license issued hereunder, 
 for cause as defined in this section.  Revocation or refusal to 
 renew shall be upon notice and hearing as prescribed in the 
 Minnesota Administrative Procedure Act, Minnesota Statutes, 
 sections 14.57 to 14.69.  Said notice shall set a time for 
 hearing before the commissioner not less than 20 nor more than 
 30 days after service of such notice, provided, the licensee may 
 waive such 20 day minimum.  The commissioner may, in such 
 notice, suspend the license for a period not to exceed 60 days.  
 Unless the notice states that the license is suspended, pending 
 the determination of the main issue, the licensee may continue 
 to transact business until the final decision of the 
 commissioner.  If the license is so suspended, the commissioner 
 shall hold a hearing and render a final determination within 10 
 days of a request by the licensee.  If the commissioner fails to 
 do so, the suspension shall terminate and be of no force or 
 effect.  

    Subd. 2.    Cause.  The commissioner may revoke, 
 suspend and refuse to renew any license hereunder on finding 
 that: 

    (a) Any licensee has failed to pay any fee required herein, 
 or to maintain in effect the bond required under the provisions 
 of sections 332.12 to 332.29 or failed to comply with any order, 
 decision or finding of the commissioner made pursuant to and 
 within the authority of sections 332.12 to 332.29; or that 

    (b) The licensee has violated any provisions of sections 
 332.12 to 332.29 or any rule or direction lawfully made by the 
 commissioner under and within the authority of sections 332.12 
 to 332.29; or that 

    (c) Any material fact or condition exists which, if it had 
 existed at the time of the original application for a license, 
 would have warranted the commissioner in refusing its issuance; 
 or that 

    (d) Any applicant or party to an application has made any 
 false statement or representation to the commissioner in 
 applying for a license hereunder.  

    Subd. 3.    Notification of interested persons.  After 
 the notice and hearing required in subdivision 1 hereof, upon 
 issuing an order revoking a license, the commissioner may notify 
 all individuals who have contracts with the affected licensee 
 and all creditors who have agreed to a plan of forbearance that 
 such license has been revoked and that said order is subject to 
 appeal.  

    Subd. 4.    Receive funds of licensee.  When an order 
 is issued revoking or refusing to renew a license, the 
 commissioner shall apply to the district court for appointment 
 of a receiver to receive the assets of the licensee pending a 
 final determination of the validity of said order.  

    HIST: 1969 c 1120 s 9; 1982 c 424 s 130; 1985 c 248 s 70; 1986 
 c 444; 1987 c 384 art 2 s 1