32:23-164 - Reprimand of licensees; revocation or suspension of license - New Jersey Statutes

32:23-164.  Reprimand of licensees;  revocation or suspension of license
    The commission shall have the power to reprimand any person licensed under this article or to revoke or suspend his license for such period as the commission deems in the public interest for any of the following causes on the part of the licensee or of any person required by section 2 of this article to sign or be identified in an original application for a license:

    (a) Any cause set forth in section 5 of article IV of this compact;

     (b) Failure by the licensee to maintain a complete set of books and records  containing a true and accurate account of the licensee's receipts and disbursements arising out of his licensed activities;

    (c) Failure to keep said books and records available during business hours for inspection by the commission and its duly designated representatives until the expiration of the fifth calendar year following the calendar year during which occurred the transactions recorded therein;

    (d) Failure to pay any assessment or fee payable to the commission under this compact when due.

     L.1970, c. 58, s. 4.