2014 New York Laws
GBS - General Business
Article 27-A - (418 - 429) LICENSING OF COIN PROCESSORS
424 - Grounds for denial, suspension or revocation of license; procedure.

  424. Grounds  for  denial,  suspension  or  revocation  of license;
  procedure. 1. The secretary shall have the power to suspend or revoke  a
  license or, in lieu thereof, to impose a fine not exceeding one thousand
  dollars  payable to the department, or reprimand any licensee or deny an
  application for a license or renewal thereof upon proof:
a. that the applicant or licensee has violated any of  the  provisions
  of this article or the rules and regulations promulgated hereunder;
b. that  the  applicant  or  licensee  has  practiced fraud, deceit or
  misrepresentation;
c. that the applicant or licensee has made a material misstatement  in
  the application for or renewal of his or her license; or
d. that  the  applicant  or  licensee has demonstrated incompetence or
  untrustworthiness in his or her actions.
2. No license shall be  revoked  or  suspended  except  after  written
  notice and a hearing as set forth in subdivisions two, three, four, five
  and six of section seventy-nine of this chapter.
3. Every  license  issued  hereunder  shall  remain  in full force and
  effect for a period of  two  years  unless  the  same  shall  have  been
  surrendered,  revoked  or suspended in accordance with the provisions of
  this article, but the secretary 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  shall have been revoked if no fact or condition then exists which  would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  secretary  in  refusing  originally  to issue such
  license under this article.
4. Whenever the secretary shall revoke or  suspend  a  license  issued
  pursuant  to  this  article,  the  secretary  shall forthwith execute in
  duplicate a written order to that effect. The secretary shall  file  one
  copy  of  such order in the office of the department 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.