Violations

(a) A leasing company which is found to have committed a violation of this regulation or a violation of any statute or regulation pertaining to its business as a leasing company shall be subject to loss of the privilege to transfer registrations for a period as determined by the commissioner after notice and a hearing in accordance with Chapter 54 of the Connecticut General Statutes. (b) A leasing company which does not renew its leasing license, or has its privilege to transfer registrations suspended, shall return its stamp(s) to the commissioner upon request.