New Jersey Administrative Code
Title 3 - BANKING
Chapter 18 - FORECLOSURE CONSULTANTS
Subchapter 9 - ADMINISTRATIVE ACTIONS AS TO APPLICANTS, LICENSEES, OR OTHER PERSONS
Section 3:18-9.1 - Administrative penalties

Universal Citation: NJ Admin Code 3:18-9.1

Current through Register Vol. 56, No. 18, September 16, 2024

(a) The Commissioner may refuse to issue and may revoke, suspend, or refuse to renew a license, or impose a penalty pursuant to the Act, if the Commissioner finds, after notice and an opportunity for a hearing in accordance with the Administrative Procedure Act, 52:14B-1 et seq., that any person, applicant for or holder of the license, including, but not limited to, any of the persons listed in 3:18-2.2(a)2, has:

1. Violated any of the provisions of the Act or any order, rule, or regulation made or issued pursuant to the Act;

2. Failed at any time to meet the requirements for licensure, or withheld information or made a material misstatement in an application for a license;

3. Been convicted of an offense involving breach of trust, moral turpitude, or fraudulent or dishonest dealing, or had a final judgment entered against the person in a civil or administrative action upon grounds of fraud, misrepresentation, or deceit, or failure to maintain books, accounts, records, and other documents as required by N.J.A.C. 3:18-5;

4. Become insolvent;

5. Demonstrated unworthiness, incompetence, bad faith, or dishonesty in the transaction of business as a licensee; or

6. Engaged in any other conduct which would be deemed by the Commissioner to be the cause for denial, revocation, suspension, or refusal of the license or license renewal.

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