§ 563-83. Fines; suspension or revocation of licenses.

A. 

The Director shall have the power to impose a fine not to exceed $500 upon a licensee or to suspend or revoke a license or to deny an application for the renewal of a license for any one or more of the following causes:

(1) 

Fraud, deceit, misrepresentation or bribery in securing a license.

(2) 

The making of any false statement in an application for a license.

(3) 

Violation of any provision of this article, any other appropriate article of this chapter or any rule or regulation promulgated thereunder.

B. 

No license shall be suspended or revoked nor a fine imposed until after a hearing has been held before the Director upon at least seven business days' notice to the licensee. Such notice shall be served either personally or by certified mail, return receipt requested, to the last known address of the licensee and shall state the date and place of the hearing as well as enumerate the grounds constituting the allegations against such licensee. The licensee may be represented by counsel and may produce witnesses in his own behalf. A record of the hearing shall be taken and preserved. For purposes of such hearing, the Director may administer oaths, take testimony, subpoena witnesses and compel the production of books, papers, records or other documents deemed pertinent to the subject of the hearing.