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245-29 Suspension or reduction of privilege to purchase on deferred-payment basis

The department may suspend, without prior notice, the privilege to purchase stamps on the deferred-payment basis or may reduce the amount of deferred-payment purchases allowed the licensee if:

(1) The licensee fails to promptly pay for stamps when payment is due;

(2) The bond or bonds required of the licensee are canceled or become void, impaired, or unenforceable for any reason; or

(3) In the opinion of the department, collection of any amounts unpaid or due from the licensee under this chapter is jeopardized. [L 2000, c 249, pt of §1]

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