District of Columbia § 26-316 Revocation and suspension of license.

District of Columbia Statutes

§ 26-316 — Revocation and suspension of license.

District of Columbia § 26-316

Title 26Banks and Other Financial Institutions.

Ch. 3Check Cashers.

This text of District of Columbia § 26-316 (Revocation and suspension of license.) is published on Counsel Stack Legal Research, covering District of Columbia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

D.C. Code § 26-316 (2026).

Text

(a)The Superintendent [Commissioner] may revoke any license issued pursuant to this chapter if, after notice and a hearing, the Superintendent [Commissioner] finds that the licensee has:

(1)Committed any fraudulent acts, engaged in any dishonest activities, or made any misrepresentation in any business transaction;

(2)Been convicted of a felony under the laws of the District or the laws of any state or the United States;

(3)Violated any provisions of the banking laws of the District or any rules or regulations promulgated thereunder, or has violated any other law in the course of dealings as a licensee;

(4)Made a material misstatement in the application for a license under this chapter;

(5)Demonstrated incompetency or untrustworthiness to act as a licensee;

(6)Viol

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(a) The Superintendent [Commissioner] may revoke any license issued pursuant to this chapter if, after notice and a hearing, the Superintendent [Commissioner] finds that the licensee has:

(1) Committed any fraudulent acts, engaged in any dishonest activities, or made any misrepresentation in any business transaction;

(2) Been convicted of a felony under the laws of the District or the laws of any state or the United States;

(3) Violated any provisions of the banking laws of the District or any rules or regulations promulgated thereunder, or has violated any other law in the course of dealings as a licensee;

(4) Made a material misstatement in the application for a license under this chapter;

(5) Demonstrated incompetency or untrustworthiness to act as a licensee;

(6) Violated any provision of this chapter or of any implementing regulation; or

(7) Failed to satisfy any of the criteria for obtaining a license as set out in §§ 26-306 , 26-307 , or 26-308 .

(b) A hearing for the purposes of this section shall be held in accordance with subchapter I of Chapter 5 of Title 2 . Pending a hearing for the revocation of any license issued pursuant to this chapter, the Superintendent [Commissioner] may suspend the license for a period not to exceed 30 days if the Superintendent [Commissioner] determines that such a suspension is in the public interest and that one or more grounds for revocation of a license, as set forth in subsection (a) of this section, exist.

(c) Whenever the Superintendent [Commissioner] suspends or revokes a license issued pursuant to this chapter, the Superintendent [Commissioner] shall immediately execute a written order stating the grounds for the suspension or revocation. On the date the order is executed, the Superintendent [Commissioner] shall serve a copy thereof on the licensee either personally or by mailing the same to the last known address of the licensee.