Under what circumstances may the license of a vehicle dealer be denied or revoked?

The license of a vehicle dealer may be denied or revoked under several critical circumstances. Engaging in fraudulent practices is a significant reason, as honesty and integrity are essential in the sales process to protect consumers and maintain trust in the automotive industry. Failing to meet financial obligations is another valid reason, as financial stability is crucial for compliance with licensing requirements and is indicative of a dealer's business reliability. Additionally, not maintaining proper records can lead to a lack of accountability, which is necessary for regulatory compliance and consumer protection. Therefore, a combination of these reasons fully justifies the denial or revocation of a dealer's license, making the comprehensive option the most complete and reflective of the varied circumstances that can affect a dealer's standing.