HAR §16-117-19. Denial or rejection of application

(a) An application for issuance of a registration shall be denied if an application is insufficient or incomplete. In addition, the director may deny issuance of a registration if any of the following exist: (1) A license or registration, as the case may be, of the applicant or any officer, director, partner, or other personnel of the applicant has been terminated under section 468K-5 or chapter 468L; or (2) A license or registration, as the case may be, of the applicant or any officer, director, partner, or other personnel has been revoked or suspended under chapter 468K or 468L; or (3) An applicant fails to submit a notarized net sales revenue report; evidence of establishment of a client trust account, evidence of a performance or guaranty type bond, or an irrevocable letter of credit with coverage in compliance with subchapter 5. (b) An application shall be automatically rejected when the applicant, after receiving notice: (1) Fails to pay the appropriate fees; or 117-5 §16-117-19 (2) Fails to submit any information requested by the director or the director’s authorized delegate within sixty days of notification. (c) Any application which has been denied or rejected shall remain in the possession of the director and shall not be returned. (d) An applicant, whose application has been denied, may file for an administrative hearing under chapter 201, administrative practice and procedures of the department, and chapter 91, HRS. [Eff 1/16/93] (Auth: §§ -2, -17, Act 231, SLH 1992) (Imp: §§ -2, -17, Act 231, SLH 1992) SUBCHAPTER 5 CLIENT TRUST ACCOUNTS; BOND, IRREVOCABLE LETTER OF CREDIT