(1) The Director of the Department of Consumer and Business Services may by order suspend or revoke any license issued under ORS § 697.514 if the director finds that any of the following circumstances are true:

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(a) The licensee has violated a provision of ORS § 697.500 to 697.555 or of a rule or order the director has adopted or issued under ORS § 697.500 to 697.555.

(b) The licensee knowingly made a false or misleading statement on the application for a license under ORS § 697.510 or in information the licensee submitted to the director.

(c) The licensee refused to permit the director to make an investigation authorized under ORS § 697.528.

(d) The licensee has engaged in, or has a felony or misdemeanor conviction for, fraud, misrepresentation or deceit or has demonstrated untrustworthiness or incompetence in conducting the check-cashing business.

(e) The licensee has not paid a fee required under ORS § 697.512 or examination costs under ORS § 697.528.

(2) The director may not suspend or revoke any license issued under ORS § 697.514 unless the licensee has had notice and an opportunity for a hearing in accordance with ORS § 183.413 to 183.470. [2007 c.358 § 13]