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.