2006 New York Code - Grounds For Suspension Or Revocation Of License; Procedure.

 
    § 584.  Grounds for suspension or revocation of license; procedure. 1.
  The superintendent may revoke any license issued hereunder if  he  shall
  find that:
    (a)  The  licensee  has violated any provisions of this article, or of
  any rule or regulation made by the superintendent under and  within  the
  authority of this article;
    (b)  Any fact or condition exists which, if it had existed at the time
  of the original application for such license, would have  warranted  the
  superintendent in refusing originally to issue such license; or
    (c)  The conviction of a licensee for a crime against the laws of this
  state or any other  state  or  of  the  United  States  involving  moral
  turpitude  or  fraudulent  or dishonest actions, or the entry of a final
  judgement in a court of competent jurisdiction against the licensee in a
  civil action arising from fraud, misrepresentation, or deceit.
    2. The superintendent may, on good cause shown,  suspend  any  license
  for a period not exceeding thirty days, pending investigation.
    3.  No license shall be revoked or suspended except after notice and a
  hearing thereon.
    4. Any licensee  may  surrender  any  license  by  delivering  to  the
  superintendent  written  notice that it thereby surrenders such license,
  but such surrender shall not affect such licensee's  civil  or  criminal
  liability for acts committed prior to such surrender.
    5.  No revocation, suspension or surrender of any license shall impair
  or affect the obligation of any pre-existing lawful contract between the
  licensee and any person.
    6. Every license issued hereunder shall remain  in  force  and  effect
  until  the  same  shall  have  been surrendered, revoked or suspended in
  accordance with the provisions of this article, but  the  superintendent
  shall  have authority to reinstate a suspended license or to issue a new
  license to a licensee whose license shall have been revoked if  no  fact
  or  condition  then exists which would have warranted the superintendent
  in refusing originally to issue such license under this article.
    7. Whenever the superintendent  shall  revoke  or  suspend  a  license
  issued pursuant to this article, he shall forthwith execute in duplicate
  a  written  order to that effect. The superintendent shall file one copy
  of such order in the office of  the  department  of  banking  and  shall
  forthwith  serve the other copy upon the licensee. Any such order may be
  reviewed in the manner provided by article seventy-eight  of  the  civil
  practice  law  and  rules.  Such application for review as authorized by
  this section must be made within thirty days from the date of such order
  of suspension or revocation.