Section 30608 Of Chapter 3. Revocation Of License From California Financial Code >> Division 14. >> Chapter 3.
30608
. The commissioner may, after notice and a reasonable
opportunity to be heard, suspend, revoke, or decline to renew any
license if he finds that:
(a) The licensee has violated any provision of this division or
any rule or order made by the commissioner under and within the
authority of this division.
(b) 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.