Mandatory cancellation of registration
13The Director shall cancel the registration of a credit grantor, lessor or credit broker
(a)
if the Director is satisfied that the credit grantor, lessor or credit broker is deceased,
(b)
if the Director is satisfied that a body corporate that is the credit grantor, lessor or credit broker has been dissolved, or
(c)
if the credit grantor, lessor or credit broker has become bankrupt.