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Suspension or revocation of permit.

In respect with Chapter 119. associated with Revised Code:

(A) The unit of finance institutions shall, upon written notice to your licensee saying the action that is contemplated the grounds therefor, and upon reasonable possibility to be heard, suspend or revoke any permit released by the unit if it discovers that:

(1) The licensee is in standard when you look at the re payment associated with the license that is annual or evaluation recommended in area 1321.20 for the Revised Code or has neglected to conform to any purchase associated with the unit made and joined under division (A) of part 1321.10 for the Revised Code;

(2) The licensee has proceeded to violate some of the conditions of parts 1321.01 to 1321.19 associated with the Revised Code or any guideline promulgated under unit (A) of area 1321.10 associated with the Revised Code after getting notice of these breach or violations through the division;