Section 40 - Censure, revocation or suspension of abstract licenseUpon good cause shown and after a hearing, the Oklahoma Abstractors Board may censure a licensee or revoke or suspend his abstract license for any of the following acts:
1. Making of a materially fraudulent statement in an application for an abstract license; or2. Having been convicted and exhausted all appellate remedies in a court of competent jurisdiction in this or any other state or a federal court of the crime of forgery, embezzlement, obtaining money under false pretenses, extortion, conspiracy to defraud, fraud, or any similar offense, or pleading guilty or nolo contendere to any such offense; or3. Destroying or secreting public records, or failing to return said records within the designated time; or4. Any other conduct which constitutes untrustworthy or improper, fraudulent, or dishonest activities; or5. Disregarding or violating any provision of the Oklahoma Abstractors Act; or6. Continued violation after notice from the Board of engaging in a practice of charging excessive abstracting fees.Added by Laws 1984, HB 1805, c. 163, § 18, eff. 11/1/1984; Amended by Laws 2007 , SB 909, c. 359, §20, eff. 1/1/2008; Renumbered from 74 O.S. §227.27 by Laws 2007 , SB 909, c. 359, §22, eff. 1/1/2008.