N.J. Admin. Code § 3:16-4.1

Current through Register Vol. 56, No. 23, December 2, 2024

Section 3:16-4.1 - Revocation; causes

(a) The Commissioner may revoke or suspend a license if, after notice and hearing pursuant to the Administrative Procedure Act, 52:14B-1 et seq., and the Uniform Administrative Procedure Rules, N.J.A.C. 1:1, the Commissioner determines that the licensee:

1. Has violated any provision of 45:22-1 et seq., or any order, rule or regulation made or issued pursuant thereto, or has violated any other law in connection with the operation of the pawnbroker business;

2. Has failed to pay any fee imposed by the Commissioner;

3. Has withheld information from the police or from the Department, or has made a material misstatement in the application for the license, or any other submission to the Department;

4. Has been convicted of an offense involving breach of trust, moral turpitude or fraudulent or dishonest dealing, or has had a final judgment entered against him in a civil action upon grounds of fraud, misrepresentation or deceit;

5. Has become insolvent or has acted in a way that indicates the licensee's business is not being operated in a financially responsible manner;

6. Has demonstrated unworthiness, incompetence, bad faith or dishonesty in transacting business or otherwise; or

7. Has engaged in any other conduct which would be deemed by the Commissioner to be grounds to deny, revoke or suspend a license.

N.J. Admin. Code § 3:16-4.1