(A) Has failed to pay the annual license fee;

(B) Has violated any provision of this act; or

(C) Has been convicted of or has pleaded guilty to a felony under the laws of this state, or any other state, or of the United States, or shall have forfeited his bond to appear in court to answer charges for any such offense, if such conviction or plea occurred subsequent to or within the ten years immediately prior to the date of the licensee’s application for the license. Said hearing herein provided shall be held within thirty days after notice thereof, and the alleged violation determined by written order of the city or county issuing the license within sixty days after such hearing is concluded; but no revocation or suspension or surrender of any license shall impair or affect the obligation of any preexisting lawful contract between the licensee and any borrower. (Ord. 14-41 § 3, 2014; Ord. 02-86 § 2, 2002; Ord. 81-106 § 1 (part), 1981.)