§431:9N-102 - License denial, nonrenewal, suspension, or revocation.
[§431:9N-102] License denial, nonrenewal, suspension, or revocation. In addition to causes in section 431:9A-112, the commissioner may deny, place on probation, suspend, revoke, or refuse to issue or renew a bail agent's license and may levy a civil fine or penalty in accordance with articles 2 and 9A, or any combination of these actions, for any of the following causes:
(1) Failing to satisfy, pay, or otherwise discharge a bail forfeiture judgment after having the bail agent's name placed on the board for more than forty-five consecutive days for the same forfeiture;
(2) Failing to report, to preserve without use and retain separately, or to return collateral taken as security on any bond to the principal or depositor of the collateral;
(3) Failing to pay a final, nonappealable judgment award for failure to return or repay collateral received to secure a bond;
(4) Continuing to execute bail bonds in any court in this State while on the board, where the bail forfeiture judgment that resulted in being placed on the board has not been paid, stayed, vacated, exonerated, or otherwise discharged; or
(5) Paying, directly or indirectly, any commission, service fee, brokerage, or other valuable consideration to any person selling, soliciting, or negotiating bail within this State unless, at the time the services were performed, the person was a duly licensed bail agent for the performance of the services. [L 2008, c 134, pt of §1]