{"data":{"id":"us-nj/n.j.-stat.-17-16c-10","jurisdiction":"us-nj","citation":"N.J. Stat. § 17:16C-10","heading":"Grounds for refusal to issue, revocation, suspension, refusal to renew license","body":"10. a.  The commissioner may refuse to issue and may revoke, suspend or refuse to renew a license or impose a penalty pursuant to this act if the commissioner finds, after notice and an opportunity for a hearing in accordance with the \"Administrative Procedure Act,\" P.L.1968, c.410 (C.52:14B-1 et seq.) and any rules adopted thereunder, that any person, applicant for or holder of the license has:\n(1)  violated any of the provisions of P.L.1960, c.40 (C.17:16C-1 et seq.) or any order, rule or regulation made or issued pursuant to that act;\n(2)  Withheld information or made a material misstatement in the application for the license;\n(3)  Been convicted of an offense involving breach of trust, moral turpitude or fraudulent or dishonest dealing, or had a final judgment entered against him in a civil action upon grounds of fraud, misrepresentation or deceit;\n(4)  Become insolvent, or failed to attain or maintain the required net worth;\n(5)  Demonstrated unworthiness, incompetence, bad faith or dishonesty in the transacting of business as a licensee; or\n(6)  Engaged in any other conduct which would be deemed by the commissioner to be the cause for denial of the license.\nb.  A license of a corporation, partnership, association or other entity may be suspended or revoked if any officer, director or member of the licensee has committed any act which would be cause for suspending or revoking a license to him as an individual.\nc.  No license issued under this act to a motor vehicle installment seller shall be valid unless such seller is the holder of a valid and subsisting license issued pursuant to chapter 10 of Title 39 of the Revised Statutes.\nL.1960,c.40,s.10;  amended 1971, c.409, s.3; 1996, c.157, s.53.","path":["TITLE 17 CORPORATIONS AND INSTITUTIONS FOR FINANCE \t\t\tAND INSURANCE"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"2e50adcca236fb447d8c729e55197b3203c7aa83b2abbd633adf3b5790a81231","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-17-16c-9","next":"us-nj/n.j.-stat.-17-16c-11"},"notice":"GroundRules: Original legal text. Not legal advice."}