The commissioner may, after notice to the licensee and a hearing, suspend, revoke, or refuse to continue or refuse to issue any license issued under this chapter if the commissioner finds any of the following conditions:

Terms Used In North Dakota Code 26.1-20.1-03

  • following: when used by way of reference to a chapter or other part of a statute means the next preceding or next following chapter or other part. See North Dakota Code 1-01-49
  • Fraud: Intentional deception resulting in injury to another.
  • Rule: includes regulation. See North Dakota Code 1-01-49

1.    The licensee acquired or attempted to acquire a license through misrepresentation or fraud.

2.    The licensee, in the conduct of affairs under the license, used fraudulent, coercive, or dishonest practices, or has shown oneself to be incompetent, untrustworthy, or financially irresponsible.

3.    An officer, employee, stockholder, or partner of an applicant, who may materially influence the applicant’s conduct, does not meet the standards required by this chapter.

4.    The licensee violated or did not comply with this chapter or a lawful rule or order of the commissioner.

  Previous section
Next section  
 Chapter 26.1-20.1 Contents