§449-17  Revocation and suspension of
licenses.  The commissioner may revoke any license issued hereunder, or
suspend the right of the licensee to use the license, for any of the following
causes:



(1)  Making any misrepresentation concerning any
escrow transaction;



(2)  Making any false promises concerning any escrow
transaction of a character likely to mislead another;



(3)  Pursuing a continued and flagrant course of
misrepresentation, or making of false promises, through advertising or
otherwise;



(4)  Without first having obtained the written consent
so to do of both parties involved in any escrow transaction, acting for both
parties in connection with such transaction, or collecting or attempting to
collect commissions or other compensation for its services from both of the
parties;



(5)  Failing, within a reasonable time, to account for
any moneys belonging to others which may be in the possession or under the
control of the licensee;



(6)  Any other conduct constituting fraudulent or
dishonest dealings;



(7)  Violating any of the provisions of this chapter
or the rules promulgated pursuant thereto;



(8)  Splitting fees with or otherwise compensating
others not licensed hereunder for referring business;



(9)  Commingling the moneys or other property of
others with its own;



(10)  Engaging in an unsafe or unsound practice that is
likely to cause insolvency or substantial dissipation of assets or earnings of
the licensee;



(11)  Failing to maintain books and records that are
sufficiently complete and accurate so as to permit the commissioner to
determine the financial condition of the licensee; and



(12)  Ceasing, for a period of six consecutive months
or more, to engage in the business for which its license was granted.



No license shall be suspended for longer than
five years and no corporation whose license has been revoked shall be eligible
to apply for a new license until the expiration of five years. [L 1967, c 144,
pt of §1; HRS §449-17; am L 1985, c 269, §50; am L 1998, c 69, §1]