(1) In accordance with the "State Administrative Procedure Act", article 4 of title 24, C.R.S., the commissioner may deny, suspend, revoke, restrict, refuse to renew, or place on probation the license of any applicant or licensee who:
Makes a false statement or misrepresentation on an application for a license or renewal;
Has had a previous license or any equivalent authorization to engage in activitiesregulated under this article revoked, suspended, or denied by any authority authorized to grant such license or authorization in this or any other state;
Has failed to comply with or violated any provision of this article or any rule promulgated by the commissioner pursuant to this article; or
Fails to obey any lawful order of the commissioner.
Source: L. 2009: Entire section added, (SB 09-117), ch. 123, p. 517, § 14, effective April 16.