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Code · New Jersey · Title 52 — Savings and Loan Associations [Repealed] · Chapter 27D

52:27D-334. Revocation of certificates

297 words·~1 min read·/nj/title-52/chapter-27d/52-27d-334

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a. The certificate of authority or temporary certificate of authority of a provider shall remain in effect until revoked, after notice and hearing conducted pursuant to the "Administrative Procedure Act," P.L. 1968, c. 410 (C. 52:14B-1 et seq.), upon the commissioner's written findings of fact that the provider has:
(1)Repeatedly failed to correct violations of this act or any regulation adopted hereunder;
(2)Failed to file an annual disclosure statement or resident agreement pursuant to this act;
(3)Failed to deliver to a prospective resident the disclosure statement required pursuant to this act;
(4)Delivered to a prospective resident a disclosure statement which makes an untrue statement or omits a material fact and the provider at the time of the delivery of the disclosure statement had actual knowledge of the misstatement or omission;
(5)Failed to comply with the terms of a cease and desist order; or
(6)Committed serious violations of any other State or federal law.
b. The commissioner shall include with the findings of fact in support of revocation a concise and explicit statement of the underlying facts supporting the findings.
c. If the commissioner has cause to believe that the provider is guilty of a violation for which revocation may be ordered, the commissioner may issue an order directing the provider or operator to cease and desist from engaging in any practice in violation of this act.
d. If the cease and desist order is not or may not be effective in remedying the violation, the commissioner, after notice and hearing conducted pursuant to the "Administrative Procedure Act," P.L. 1968, c. 410 (C. 52:14B-1 et seq.), may revoke the certificate of authority or temporary certificate of authority and order that it be surrendered to the commissioner.
L. 1986, c. 103, s. 5.
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