Section 7. A license may be suspended or revoked by the commissioner on the following grounds:—(1) material misstatement in application for license; (2) failure to comply with the provisions of this chapter; (3) defrauding any retail buyer to the buyer's damage; (4) fraudulent misrepresentation, circumvention or concealment by the licensee through whatever subterfuge or device of any of the material particulars or the nature thereof required to be stated or furnished to the retail buyer under this chapter.
If a licensee is a firm, association or corporation, it shall be sufficient cause for the suspension or revocation of its license that any officer, director or trustee of a licensed firm, association or corporation, or any member of a licensed partnership, has so acted or failed to act as would be cause for suspending or revoking a license to such party as an individual. Each licensee shall be responsible for the acts of any of his employees while acting as his agent, if such licensee after actual knowledge of said acts retained the benefits, proceeds, profits or advantages accruing from said acts or otherwise ratified said acts.
Structure Massachusetts General Laws
Part III - Courts, Judicial Officers and Proceedings in Civil Cases
Title IV - Certain Writs and Proceedings in Special Cases
Chapter 255b - Retail Instalment Sales of Motor Vehicles
Section 2 - Licenses; Application; Fees; Assignment or Transfer; Multi-State Licensing System
Section 4 - Summoning of Licensees; Failure to Appear; Effect
Section 5 - Refusal to Issue License; Notice; Appeal; Hearing
Section 6 - Violations of This Chapter; Investigations by Commissioner
Section 7 - Revocation or Suspension of License; Grounds
Section 8 - Revocation or Suspension of License; Procedure
Section 9 - Contracts; Form and Contents
Section 11 - Delinquency and Collection Charge; Amount
Section 12 - Signing of Contract; Effect of Blank Spaces; Exceptions; Buyer's Written Acknowledgment
Section 14 - Finance Charges; Rate; Computation
Section 15 - Full Payment by Buyer; Duty of Holder of Retail Instalment Contract
Section 16 - Payment in Full Before Maturity; Refund Credit
Section 17 - Deferment or Renewal of Payment Dates; Refinancing; Computation of Rates; Rebates
Section 18 - Sale or Assignment of Contracts
Section 19 - Statement of Payments; Forwarding to Buyer; Receipts for Payments
Section 19a - Holder of Retail Installment Contract Subject to Buyer's Defenses Against Seller
Section 20 - Non-Enforceability of Certain Provision of Contract
Section 20a - Default; Enforcement; Notice; Accelerated Payment; Curing of Default
Section 20c - Repossession of Motor Vehicle; Notice to Police
Section 22 - Violation of Secs. 9 to 14 or Secs. 18 to 20; Effect
Section 23 - Waiver of Provisions of This Chapter; Effect