Article 35-3-26Refusal to Effect a Registration

一a person that is not a corporation;

二a corporation with total assets minus total liabilities of less than the amount that is found to be necessary and appropriate for the proper implementation of business involved in the intermediation of individual credit purchases and for protecting purchasers or service recipients, as specified by Cabinet Order;

三a corporation whose registration has been rescinded pursuant to the provisions of paragraph (1) or paragraph (2) of Article 35-3-32, if five years have not yet passed since the date of the rescission;

四a corporation that has been sentenced to a fine pursuant to the provisions of this Act or the Money Lending Business Act, if five years have not yet passed since the day on which it finished serving the sentence or ceased to be subject to its enforcement;

五a corporation with an officer that falls under one of the following:

イa person that has not had rights restored after receiving a ruling of commencement of bankruptcy proceedings;

ロa person that has been sentenced to imprisonment or a heavier punishment, if five years have not yet passed since the day on which the person finished serving the sentence or ceased to be subject to its enforcement;

ハa person that has been sentenced to a fine for violating the provisions of this Act, the Money Lending Business Act, or the Act on Prevention of Unjust Acts by Organized Crime Group Members (excluding the provisions of Article 32-3, paragraph (7) and Article 32-11, paragraph (1) of that Act) or for committing a crime stated in the Penal Code or in the Act on Punishment of Physical Violence and Others, if five years have not yet passed since the day on which the person finished serving the sentence or ceased to be subject to its enforcement;

ニa person that, during the thirty days before the relevant disposition, was the officer of a registered individual credit purchase intermediary whose registration has been rescinded pursuant to the provisions of paragraph (1) or paragraph (2) of Article 35-3-32, if five years have not yet passed since the date of the disposition; or

ホa member of an organized crime group, etc.

六a corporation whose business activities are controlled by the member of an organized crime group, etc.;

七a corporation that is likely to allow the member of an organized crime group, etc. to engage in its business activities or to employ that person as an assistant in its business activities;

八a corporation specified by Order of the Ministry of Economy, Trade and Industry as one that there are sufficient grounds to find likely to engage in illegal or dishonest acts in respect of business connected with the intermediation of individual credit purchases; or

九a corporation that is found not to have in place the necessary system for ensuring the smooth implementation of investigations provided for in the main clause of Article 35-3-3, paragraph (1), investigations prescribed in Article 35-3-5, paragraph (1), and other measures prescribed in this Act, the necessary system for appropriately and promptly processing complaints from purchasers or service recipients, and other systems specified by Order of the Ministry of Economy, Trade and Industry as necessary for ensuring fair and proper implementation in the intermediation of individual credit purchases.