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Article 54Rescission of Designation based on the non-commencement or suspension of business

第五十四条(事業の不開始又は休止に基づく指定の取消し)

If, in addition to a case in which a Designation is rescinded pursuant to the provisions of Article 62, paragraph (2), a Designated Guarantee Agency does not commence an Earnest Money Guarantee Business within three months from the date on which it obtains a Designation or suspends said Earnest Money Guarantee Business for a continuous period of three or more months, the Minister of Land, Infrastructure, Transport and Tourism may rescind the Designation of said Designated Guarantee Agency.

国土交通大臣は、第六十二条第二項の規定により指定を取り消す場合のほか、指定保証機関が指定を受けた日から三月以内に手付金等保証事業を開始しないとき、又は引き続き三月以上その手付金等保証事業を休止したときは、当該指定保証機関の指定を取り消すことができる。

The provisions of Article 16-15, paragraphs (3) through (5), apply mutatis mutandis to any hearing pertaining to a disposition under the preceding paragraph.

第十六条の十五第三項から第五項までの規定は、前項の規定による処分に係る聴聞について準用する。

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