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Any charitable institution or federation of charitable institutions that violates any provision of this chapter or of the regulations adopted by virtue thereof shall be barred from availing itself of the benefits of the payroll deduction system that is established in this chapter. The violation of the provisions of this chapter or of its regulations by any designated entity or the failure to comply with any obligation imposed by said regulations, or omitting to render any report required under this chapter shall likewise constitute sufficient cause for the cancellation of the agreement by virtue of which it has been designated as an intermediary for the distribution and remittance of the funds collected by virtue of this chapter.\nHistory —Aug. 11, 1988, No. 168, § 13, eff. July 1, 1989.