Section 17608 Of Chapter 4. Revocation Of License From California Financial Code >> Division 6. >> Chapter 4.
17608
. The commissioner may, after notice and a reasonable
opportunity to be heard, suspend or revoke any license if he finds
that:
(a) The licensee has failed to maintain in effect a bond required
under the provisions of this division.
(b) The licensee has violated any provision of this division or
any rule made by the commissioner under and within the authority of
this division.
(c) Any fact or condition exists which, if it had existed at the
time of the original application for such license, reasonably would
have warranted the commissioner in refusing originally to issue such
license.