New Hampshire § 399-G-32 - Section 399-G:32 Orders to Cease and Desist.

§ 399-G-32. Section 399-G:32 Orders to Cease and Desist.

I. If the commissioner determines that a violation of this chapter or of a rule adopted or an order issued under this chapter by a licensee or authorized delegate is likely to cause immediate and irreparable harm to the licensee, its customers, or the public as a result of the violation, or cause insolvency or significant dissipation of assets of the licensee, the commissioner may issue an order requiring the licensee or authorized delegate to cease and desist from the violation. The order becomes effective upon service of it upon the licensee or authorized delegate. II. The commissioner may issue an order against a licensee to cease and desist from providing money transmission through an authorized delegate that is the subject of a separate order by the commissioner. III. An order to cease and desist remains effective and enforceable pending the completion of an administrative proceeding pursuant to RSA 541-A. IV. A licensee or an authorized delegate that is served with an order to cease and desist may petition the superior court for a judicial order setting aside, limiting, or suspending the enforcement, operation, or effectiveness of the order pending the completion of an administrative proceeding pursuant to RSA 541-A. V. An order to cease and desist expires unless the commissioner commences an administrative proceeding pursuant to RSA 541-A within 10 days after it is issued.