§ 18349 License Suspension Or Revocation

• •The boss (commissioner) can take away a company's license if they break the rules.
• •The company gets a warning and a chance to explain before the license is taken away.
• •If the company did something bad that would have stopped them from getting the license in the first place, the boss can take it away now.

A company that lends money to people doesn't follow the rules, like charging too much interest.

The boss can tell the company they're breaking the rules and give them a chance to fix it. If they don't fix it, the boss can take away their license so they can't lend money anymore.