District Of Columbia § 26-1015 - Suspension or revocation of licenses.
Full text of District Of Columbia D.C. Code § 26-1015 — Suspension or revocation of licenses., with citation guidance and answers to common questions.
§ 26-1015. Suspension or revocation of licenses.
26-1015After notice and hearing, the Superintendent [Commissioner] may suspend or revoke a licensee’s license if the Superintendent [Commissioner] finds that:
Any fact or condition exists that, if it had existed at the time when the licensee applied for its license, would have been grounds for denying the application;
The licensee’s net worth becomes inadequate and the licensee, after 10 days written notice from the Superintendent [Commissioner], fails to take such steps as the Superintendent [Commissioner] deems necessary to remedy such deficiency;
The licensee knowingly violates any material provision of this chapter or any rule or order validly promulgated by the Superintendent [Commissioner] under authority of this chapter;
The licensee is conducting its business in an unsafe or unsound manner;
The licensee is insolvent;
The licensee has suspended payment of its obligations, has made an assignment for the benefit of its creditors, or has admitted in writing its inability to pay its debts as they become due;
The licensee has applied for an adjudication of bankruptcy, reorganization, arrangement, or other relief under any bankruptcy;
The licensee refuses to permit the Superintendent [Commissioner] to make any examination authorized by this chapter;
The licensee willfully fails to make any report required by this chapter; or
The licensee has willfully violated any provision of the regulations set forth at 31 C.F.R. Part 103.
Annotations
Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 26-1015
What does D.C. Code § 26-1015 cover?
Section 26-1015 ("Suspension or revocation of licenses.") is part of the D.C. Code, the codified statutory law of District Of Columbia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite District Of Columbia § 26-1015?
A common citation format is "D.C. Code § 26-1015" (District Of Columbia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of District Of Columbia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the District Of Columbia official source linked on this page or consult a licensed District Of Columbia attorney.
How does District Of Columbia § 26-1015 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in District Of Columbia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in District Of Columbia.