Section 17:16C-10 - Grounds for refusal to issue, revocation, suspension, refusal to renew licensea. The commissioner may refuse to issue and may revoke, suspend or refuse to renew a license or impose a penalty pursuant to this act if the commissioner finds, after notice and an opportunity for a hearing in accordance with the "Administrative Procedure Act," P.L. 1968, c.410 (C.52:14B-1 et seq.) and any rules adopted thereunder, that any person, applicant for or holder of the license has: (1) violated any of the provisions of P.L. 1960, c.40 (C.17:16C-1 et seq.) or any order, rule or regulation made or issued pursuant to that act;(2) Withheld information or made a material misstatement in the application for the license;(3) Been convicted of an offense involving breach of trust, moral turpitude or fraudulent or dishonest dealing, or had a final judgment entered against him in a civil action upon grounds of fraud, misrepresentation or deceit;(4) Become insolvent, or failed to attain or maintain the required net worth;(5) Demonstrated unworthiness, incompetence, bad faith or dishonesty in the transacting of business as a licensee; or(6) Engaged in any other conduct which would be deemed by the commissioner to be the cause for denial of the license.b. A license of a corporation, partnership, association or other entity may be suspended or revoked if any officer, director or member of the licensee has committed any act which would be cause for suspending or revoking a license to him as an individual.c. No license issued under this act to a motor vehicle installment seller shall be valid unless such seller is the holder of a valid and subsisting license issued pursuant to chapter 10 of Title 39 of the Revised Statutes.L.1960, c.40, s.10; amended 1971, c.409, s.3; c. 157, s. 53.