[Code of Federal Regulations]
[Title 7, Volume 7, Parts 700 to 899]
[Revised as of January 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 7CFR738.7]

[Page 289]
 
                          TITLE 7--AGRICULTURE
 
                            CHAPTER VII--FARM
                SERVICE AGENCY, DEPARTMENT OF AGRICULTURE
 
PART 738--WOOL WAREHOUSES--Table of Contents
 
Sec. 738.7  Suspension or revocation of license.

    Pending investigation, the Secretary, or his designated 
representative, whenever he deems necessary, may suspend a 
warehouseman's license temporarily without hearing. Upon written request 
and a satisfactory statement of reasons therefor submitted by a 
warehouseman, the Secretary, or his designated representative may, 
without hearing, suspend or revoke the license issued to such 
warehouseman. The Secretary or his designated representative may, after 
opportunity for hearing has been afforded in the manner prescribed in 
this section, revoke a license issued to a warehouseman when such 
warehouseman (a) is bankrupt or insolvent; (b) has parted, in whole or 
in part, with his control over the warehouse; (c) is in process of 
dissolution or has been dissolved; (d) has ceased to conduct such 
licensed warehouse; or (e) has in any other manner become non-existent 
or incompetent or incapacitated to conduct the business of the 
warehouse. Whenever any of the conditions mentioned in paragraphs (a) to 
(e) of this section shall come into existence, it shall be the duty of 
the warehouseman to notify immediately the Administrator of the existing 
condition. Before a license is permanently suspended or revoked for any 
violation of, or failure to comply with, any provision of the act or of 
the regulations in this part, or upon the ground that unreasonable or 
exorbitant charges have been made for services rendered, the 
warehouseman involved shall be furnished by the Secretary, or his 
designated representative, a written statement specifying the charges 
and shall be allowed a reasonable time within which he may answer the 
same in writing and apply for a hearing, an opportunity for which shall 
be afforded in accordance with Sec. 738.72.