N.Y. Real Prop. Acts. Law § 446-e

§ 446-e. Revocation and suspension of licenses. 1. Powers of secretary\nof state. The secretary may revoke or suspend a license, impose a fine\nnot to exceed five thousand dollars, order refunds to aggrieved parties,\nand issue reprimands, upon a finding that a licensee has violated any of\nthe provisions of this article, or has made a material misstatement in\nhis application for such license, or has been found to be engaged in\nfraudulent practices, dishonest or misleading advertising, or has\ndemonstrated untrustworthiness or incompetency to act as an apartment\ninformation vendor.\n 2. Determination of secretary. In the event that the secretary shall\nrevoke or suspend any such license, impose a fine or issue a reprimand,\nhis determination shall be in writing and signed by him. The original\nthereof shall be filed in the office of the secretary and copies served\npersonally or by registered mail upon the licensee, addressed to his\nprincipal place of business. All licenses shall be returned to the\nsecretary within five days after receipt of notice of revocation or\nsuspension, or in lieu thereof, the licensee shall make and file an\naffidavit in form prescribed by the secretary showing that the failure\nto return such license is due either to loss or destruction thereof.\n 3. The display of a license after revocation or suspension thereof is\na violation of this article.\n