§ 446-e. Revocation and suspension of licenses. 1. Powers of secretary
of state. The secretary may revoke or suspend a license, impose a fine
not to exceed five thousand dollars, order refunds to aggrieved parties,
and issue reprimands, upon a finding that a licensee has violated any of
the provisions of this article, or has made a material misstatement in
his application for such license, or has been found to be engaged in
fraudulent practices, dishonest or misleading advertising, or has
demonstrated untrustworthiness or incompetency to act as an apartment
information vendor.

2. Determination of secretary. In the event that the secretary shall
revoke or suspend any such license, impose a fine or issue a reprimand,
his determination shall be in writing and signed by him. The original
thereof shall be filed in the office of the secretary and copies served
personally or by registered mail upon the licensee, addressed to his
principal place of business. All licenses shall be returned to the
secretary within five days after receipt of notice of revocation or
suspension, or in lieu thereof, the licensee shall make and file an
affidavit in form prescribed by the secretary showing that the failure
to return such license is due either to loss or destruction thereof.

3. The display of a license after revocation or suspension thereof is
a violation of this article.