(a) Upon the expiration or revocation of any license held under this chapter, the licensee shall:
(1) Within ninety (90) days, return or assign all uncollected accounts to the licensee’s clients or their order;(2) Not charge or receive any fee or compensation for the return or assignment of uncollected accounts;(3) Not charge or receive any fee or compensation on any moneys received or collected subsequent to the expiration, suspension or revocation; and(4) Within ninety (90) days, remit all moneys to the owners of the accounts on which the moneys were paid.(b) This section shall not be construed to:
(1) Prohibit a bulk sale of the business, assets and good will of a collection service whose license becomes invalid; or(2) Deprive a licensee of the privilege of late renewal granted by § 62-20-112.
