Idaho State Statutes - Idaho Attorney Directory

(1) If,
after notice and a hearing, the director finds that any authorized
representative of a licensee or any director, officer, employee, or
controlling person of such authorized representative:
(a) Has violated any provision of this chapter, or of any rule or order
issued under the provisions of this chapter;
(b) Has engaged or participated in any unsafe or unsound act with respect
to the business of selling or issuing payment instruments of the licensee
or the business of money transmission; or
(c) Has made or caused to be made in any application or report filed with
the director or in any proceeding before the director, any statement which
was at the time and in the circumstances under which it was made, false or
misleading with respect to any material fact, or has omitted to state in
any such application or report any material fact which is required to be
stated therein, the director may issue an order suspending or barring such
authorized representative from continuing to be or becoming an authorized
representative of any licensee during the period for which such order is
in effect. Upon issuance of such order, the licensee shall terminate its
relationship with such authorized representative according to the terms of
the order.
(2) (a) Any authorized representative to whom an order is issued under
the provisions of this section may apply to the director to modify or
rescind such order. The director shall not grant such application unless
the director finds that it is in the public interest to do so and that it
is reasonable to believe that such person will, if and when such person is
permitted to resume being an authorized representative of a licensee,
comply with all applicable provisions of this chapter and of any rule and
order issued under the provisions of this chapter.
(b) The right of any authorized representative to whom an order is issued
under the provisions of this section to petition for judicial review of
such order shall not be affected by the failure of such persons to apply
to the director to modify or rescind the order.

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