[§468L-2.5]  Denial of registration.  The director may deny the registration of any travel agency or charter tour operator when a travel agency or charter tour operator, its directors, officers, owners, members, managers, or general partners:

     (1)  Fails to meet the requirements for registration as provided in this chapter;

     (2)  Fails to satisfy a civil fine, penalty, or restitution order arising out of any administrative or enforcement action brought by any governmental agency for conduct involving fraud or dishonest dealing, or for any violation of any state's travel agency or charter tour operator licensing laws or rules;

     (3)  Has a pending criminal, administrative, or enforcement proceeding brought against it in any jurisdiction for conduct involving fraud or dishonest dealing, or for any violation of any state's travel agency or charter tour operator licensing laws or rules;

     (4)  Has had an order or judgment entered against it in the past ten years in any criminal, administrative, or enforcement action for conduct involving fraud or dishonest dealing, or for any violation of any state's travel agency or charter tour operator licensing laws or rules;

     (5)  Fails to establish and maintain a client trust account in accordance with this chapter;

     (6)  Makes any false statement, representation, or certification in any document or record required to be maintained under this chapter;

     (7)  Fails to keep, maintain, and disclose upon request the books and records required to be maintained under this chapter; or

     (8)  Violates this chapter or any rule or order of the director. [L 2001, c 62, pt of §2]