Note
Sections 437-1 to 437-42 designated as Part I. L 2010, c 164, §1.
§437-27.5 Requirements to maintain license. A broker shall have and maintain in full force and effect a bond as required under section 437-18. Failure, refusal, or neglect to maintain in full force and effect a bond shall cause the automatic suspension of the license effective as of the date of expiration or cancellation of the bond. The license shall not be reinstated until a bond as required under section 437-18 is received by the board.
Failure to effect a reinstatement of a suspended license within sixty days of the suspension shall cause the license and all fees to be forfeited.
A licensee may, within fifteen calendar days after receipt of notification of the license forfeiture, request an administrative hearing pursuant to chapter 91 to review the forfeiture. [L 1985, c 102, §3; am L 1989, c 299, §3; am L 1992, c 153, §6]
Section: Previous 437-21.1 437-22 437-23 437-24 437-25 437-26 437-27 437-27.5 437-28 437-28.5 437-29 437-30-and-437-31 437-31.5 437-32 437-33 NextLast modified: October 27, 2016