Montana Code 31-1-222. Denial of licenses
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31-1-222. Denial of licenses. Subject to the notice and opportunity for hearing provisions of 31-1-203, initial licensure or license renewal may be denied by the department on the following grounds:
Terms Used In Montana Code 31-1-222
- Contract: A legal written agreement that becomes binding when signed.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
(1)material misstatement of fact or material omission of fact in the application for license or renewal;
(2)a civil judgment against the applicant for defrauding a retail buyer in relation to financing terms of a retail installment contract; or
(3)having had a sales finance company license or other financial services license revoked by a regulatory agency in any jurisdiction.