|(a) Effect on existing contracts. Revocation, suspension, or surrender of a license does not affect a preexisting contract between a consumer and a credit access business, between a consumer and a lender, or a contract among all three parties. Alternatively, a credit access business whose license is revoked or suspended may transfer or sell its accounts to a licensed credit access business. (b) Surrendering to avoid administrative action. A licensee may not surrender a license after an administrative action has been initiated without the written agreement of the OCCC.