New Jersey Administrative Code
Title 3 - BANKING
Chapter 35 - QUALIFIED EDUCATIONAL INSTITUTIONS
Subchapter 1 - QUALIFIED EDUCATIONAL INSTITUTIONS
Section 3:35-1.8 - Revocation or suspension of registration
Universal Citation: NJ Admin Code 3:35-1.8
Current through Register Vol. 56, No. 6, March 18, 2024
(a) The Commissioner may revoke or suspend the registration of any qualified educational institution 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 17:9A-213 or any order or rule issued pursuant thereto, or has violated any other banking law of this State in connection with the exercise of its trust powers;
2. Has failed to pay any fee imposed by the Commissioner;
3. Has withheld information from the Department, or has made a material misstatement in its registration with the Department or any other submission to the Department;
4. Has failed to meet the minimum standards set forth in 3:35-1.3;
5. Has demonstrated unworthiness, incompetence, bad faith or dishonesty in the exercise of its trust powers; or
6. Has engaged in any other conduct determined by the Commissioner to be grounds to revoke or suspend a registration.
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