Series 63 practice questionhardRevocation Without Hearing
Under what circumstance can the Administrator issue a final order of denial, suspension, or revocation without a hearing?
- AIf no hearing is requested and none is ordered by the Administrator after a summary order✓ Correct answer
- BIf the Administrator believes a hearing is unnecessary.
- CIf the applicant is insolvent.
- DIf the applicant is a nonresident.
Explanation
Why A — If no hearing is requested and none is ordered by the Administrator after a summary order
Under USA Section 204(c), if no hearing is requested and none is ordered, the summary order remains in effect until the Administrator modifies or vacates it. The model Act does not impose a 15-day deadline for requesting the hearing.
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