Page:1959 North Dakota Session Laws.pdf/245

DEBT OR AND CREDITOR and setting the time and place for a hearing thereon. Such hearing shall not be held less than ten nor more than thirty days from the date of mailing such notice. Within ten days after such hearing, the state examiner shall issue a written order either dismissing the charges or suspending or revoking the license and his grounds therefor. A copy of such written order shall be sent to the licensee. A license may be revoked for one or more of the following reasons:

1. The licensee has failed to pay the annual licensee fee; or

2. The licensee either knowingly or without the exercise of due care to prevent the same has violated any provision of this Act or any regulation or order lawfully made pursuant to and within the authority of this Act; or

3. Any fact or condition existing at the time of the original application for such license which clearly would have warranted the state examiner in refusing originally to issue such license; or

4. The applicant has failed to open an office for business within one hundred twenty days from the date the license is granted or has failed to keep open a licensed office for a period of one hundred twenty days.

The provisions of chapter 28-32 of the North Dakota Revised Code of 1943, as amended, shall govern all proceedings relating to the suspension or revocation of any license.

(b) If the state examiner finds that probable cause for revocation of any license exists and that enforcement of the Act requires immediate suspension of such license pending investigation he may, upon written notice enter an order suspending such license for a period not exceeding thirty days, pending the holding of a hearing as prescribed in this Act.

(c) Any licensee may surrender his license by delivering it to the state examiner with written notice of its surrender, but such surrender shall not affect his civil or criminal liability for acts committed prior thereto.

(d) No revocation, suspension, or surrender of any license shall impair or affect the obligation of any pre-existing lawful contract between the licensee and obligors.

(e) The state examiner may reinstate a suspended license or issue new licenses to a person whose license or licenses have bee~ .revoked if in the opinion of the state examiner no fact or condition then exists which clearly would have justified him in refusing originally to issue such license under this Act.