(a) The Department of Arkansas State Police may promulgate rules that are necessary to implement, enforce, and administer this subchapter.
(b) The department may cancel a dealer's license if the dealer:
(1) Fails to keep and maintain the requirements of § 23-112-607(a) and (c); or
(2) Pleads guilty or nolo contendere to or has been found guilty of a violation of § 23-112-605.