245-29 Suspension or reduction of privilege to purchase on deferred-payment basis

The department may suspend, without prior notice, the privilege to purchase stamps on the deferred-payment basis or may reduce the amount of deferred-payment purchases allowed the licensee if:
(1) The licensee fails to promptly pay for stamps when payment is due;
(2) The bond or bonds required of the licensee are canceled or become void, impaired, or unenforceable for any reason; or
(3) In the opinion of the department, collection of any amounts unpaid or due from the licensee under this chapter is jeopardized.