12. The president may refuse to issue a permit to any applicant who, during the three years preceding his application, was found guilty of(1) an offence against any law or regulation the application of which is under the supervision of the Office and for which he has not obtained a pardon;
(2) an indictable offence in connection with the activities of a collection agent and for which he has not obtained a pardon; or
(3) an offence punishable on summary conviction described in Part IX or in section 423 or 426 of the Criminal Code (Revised Statutes of Canada, 1985, chapter C-46) and for which he has not obtained a pardon.