§ 12.45.085. Expiration or revocation of certificate of registration.

A.

A certificate of registration shall automatically expire:

1.

Two years from the date of issuance.

2.

On the last day of the term of the surety bond submitted as financial guarantee, when the rental agency is required to renew or provide a new financial guarantee if such requirement has not been waived, and the rental agency must reapply, pursuant to section 12.45.050, to renew its certificate.

3.

If any of the information required by subsections C1. through C5. of section 12.45.050 changes. Within ten days thereafter, the certificate shall be surrendered along with all copies thereof, to the chief fiscal officer for cancellation and issuance of a new certificate.

B.

A certificate of registration shall be automatically revoked:

1.

When the rental agency's required financial guarantee lapses, is not renewed, expires, is modified without the written consent of the chief fiscal officer, is cancelled, or is otherwise terminated; or

2.

In the event the municipality exercises a claim against the financial guarantee and the rental agency fails to replace, renew or replenish its financial guarantee, in an amount equal to the amount of the paid claim or in an aggregate amount as required by section 12.45.055, no later than 30 days after the date such claim was paid.

C.

The department may revoke a certificate of registration if:

1.

A rental agency fails to remit substantially all (at least 95 percent) of the taxes due under this chapter within 45 calendar days of the due date;

2

Subsequent to the issuance of the certificate the department discovers that the rental agency has willfully withheld information requested to determine the applicant's eligibility to receive a certificate, or there is reasonable cause to believe that information submitted in the application was false or misleading and was not made in good faith;

3.

When the rental agency's circumstances change to a point where it no longer meets eligibility requirements set forth in section 12.45.045; or

4.

The rental agency has committed any violation of this chapter.

D.

Except for automatic revocation under subsection B., the department shall give reasonable notice of the intent to revoke a certificate of registration and, prior to revocation, shall provide the rental agency a reasonable opportunity to respond or to rebut the grounds for the revocation action.

( AO No. 2015-48, § 9, 5-14-15 )