Refusal to issue licence
2008, c.3, s.1
37.2(1)The Director may refuse to issue a licence to an applicant if
(a)
the applicant has been convicted of
(i)
an offence under this Act or the regulations, or
(ii)
an offence under the
Criminal Code (Canada) or any other Act or any regulation under any other Act that, in the opinion of the Director, involves a dishonest action or intent,
(b)
the applicant is an undischarged bankrupt,
(c)
the applicant provides incomplete, false, misleading or inaccurate information in support of the application,
(d)
a licence previously issued to the applicant under this Part, or by an authority responsible for issuing licences with respect to the lending of money in any jurisdiction, is suspended or has been cancelled, or the applicant has applied for a renewal of such a licence and the renewal has been refused,
(e)
the applicant fails to meet any qualification or satisfy any requirement of this Part or the regulations relating to this Part,
(f)
in the Director’s opinion, the applicant will not carry on business according to law and with integrity and honesty, or
(g)
in the Director’s opinion, it is not in the public interest to issue a licence to the applicant.
37.2(2)The Director may refuse to issue a licence to
(a)
a corporation, if a director or officer of the corporation could be refused a licence under subsection (1), or
(b)
a partnership, if a member of the partnership could be refused a licence under subsection (1).
37.2(2.1)The Director shall not refuse to issue a licence to an applicant without giving the applicant an opportunity to be heard.
2008, c.3, s.1; 2014, c.31, s.1; 2016, c.40, s.2