1. If the commissioner has reason to believe that grounds for revocation of a license exist, the commissioner may notify the licensee with a notice of hearing stating the contemplated action and in general the grounds thereof and setting the time and place for a hearing thereon. Grounds for revocation of a license include: a. Any debt-settlement provider has failed to pay the annual license fee or to maintain in effect the bond required under this chapter; b. The debt-settlement provider has violated this chapter or any rule lawfully made by the commissioner implementing this chapter; c. Any fact or condition exists that, if it had existed at the time of the original application for a license, would have warranted the commissioner in refusing its issuance; or d. Any applicant has made any false statement or representation to the commissioner in applying for a license under this chapter. 2. If the commissioner finds that probable cause for revocation of any license exists and that enforcement of the chapter requires immediate suspension of that license pending investigation, the commissioner, upon written notice, may enter an order suspending that license for a period not exceeding thirty days, pending the holding of a hearing as prescribed in this chapter. 3. Any licensee may surrender the licensee's license by delivering the license to the commissioner with written notice of its surrender; however, surrender of the license does not affect the licensee's civil or criminal liability for acts committed before the surrender of the license.
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