§ 13-05-08 — Revocation of license - Suspension of license - Surrender of license - Pre-existing contracts

Pre-existing contracts.
1. The commissioner may issue and serve upon any licensee an order suspending or
revoking a licensee's license if the commissioner finds that:
a. The licensee has failed to pay the annual license fee under this chapter or any
examination fee imposed by the commissioner under the authority of this chapter.
b. The licensee, either knowingly or without the exercise of due care to prevent the
same, has violated any provision of this chapter or any regulation or order lawfully
made pursuant to and within the authority of this chapter.
c. Any fact or condition existing at the time of the original application for such
license which clearly would have warranted the department of financial
institutions in refusing originally to issue such license.
d. The licensee has failed to maintain the required bond.
e. The licensee has failed to maintain registration with the North Dakota secretary of
state if so required.
2. The order must contain a notice of opportunity for hearing pursuant to chapter 28-32.
3. If no hearing is requested within twenty business days of the date the order is served
upon the licensee, or if a hearing is held and the commissioner finds that the record so
warrants, the commissioner may enter a final order suspending or revoking the
license.
4. If the commissioner finds that probable cause for revocation of any license exists and
that enforcement of the chapter requires immediate suspension of such license
pending investigation, it may, upon written notice, enter an order suspending such
license for a period not exceeding sixty days, pending the holding of a hearing as
prescribed in this chapter.
5. Any licensee may surrender the licensee's license by delivering it to the department of
financial institutions with written notice of its surrender, but such surrender does not
affect the licensee's civil or criminal liability for acts committed prior thereto.