Section 2321 - Suspension and revocation of license and civil penaltiesThe department may suspend, revoke or refuse to renew a license issued under this act if any fact or condition exists or is discovered which, if it had existed or had been discovered at the time of filing of the application for the license, would have warranted the department to refuse issuance of the license or if a licensee or director, officer, partner, employee, mortgage originator or owner of a licensee has:
(1) Made a material misstatement in an application or any report or submission required by this act or any department regulation, statement of policy or order.(2) Failed to comply with or violated any provision of this act or any regulation or order promulgated or issued by the department under this act.(3) Engaged in dishonest, fraudulent or illegal practices or conduct in a business or unfair or unethical practices or conduct in connection with the check casher business.(4) Been convicted of or pleaded guilty or nolo contendere to a crime of moral turpitude or felony.(5) Permanently or temporarily been enjoined by a court of competent jurisdiction from engaging in or continuing conduct or a practice involving an aspect of the check casher business.(6) Become the subject of an order of the department denying, suspending or revoking a license applied for or issued under this act.(7) Become the subject of a United States Postal Service fraud order.(8) Failed to comply with the requirements of this act to make and keep records prescribed by regulation, statement of policy or order of the department, to produce records required by the department or to file financial reports or other information that the department by regulation, statement of policy or order may require.(9) Become the subject of an order of the department denying, suspending or revoking a license under the provisions of any other law administered by the department.(10) Demonstrated negligence or incompetence in performing an act for which the licensee is required to hold a license under this act.(11) Become insolvent due to the liabilities of the applicant or licensee exceeding the assets of the applicant or licensee, the applicant or licensee being unable to meet the obligations of the applicant or licensee as they mature or being in a financial condition that the applicant or licensee cannot continue in business with safety to the customers of the applicant or licensee.Amended by P.L. TBD 2018 No. 122, § 2, eff. 12/24/2018. 1998, Feb. 18, P.L. 146, No. 22, § 501, effective in 60 days.