All of the following describe differences between denial and revocation of registration under the Uniform Securities Act EXCEPT:

1. ADenial occurs before registration is granted, revocation after registration is effective.
2. BDenial requires a hearing only if requested, revocation always requires a hearing.
3. CBoth may be based on the same statutory grounds.
4. DDenial is always permanent while revocation allows for later reapplication.✓ Correct answer

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