The Department of Consumer Protection, in the department's discretion and subject to such regulations as the department may adopt, may accept from any applicant, applicant's backer, backer or permittee an offer in compromise in such an amount as may in the discretion of the department be proper under the circumstances in lieu of the suspension of any permit previously imposed by the department. Any sums of money so collected by the department shall be paid forthwith into the State Treasury for the general purposes of the state.
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