Section 12. No application for registration or renewal conforming to the requirements of this chapter may be denied except for a finding by the director that the applicant has done one or more of the following acts which are grounds for denial:
(1) made material omissions or misrepresentations of fact on application for registration or renewal under this chapter or on an application for licensure or renewal under section ninety-four I of chapter one hundred and forty-three; or
(2) failed to pay either the registration fee or the payment to the fund required by this chapter; or
(3) failed consistently to perform contracts or has performed said contracts in an unworkmanlike manner or has failed to complete said contracts with no good cause or has engaged in fraud or bad faith with respect to said contracts; or
(4) failed to meet or has violated any of the requirements for registered contractors or subcontractors set forth in this chapter or has performed or is attempting to perform any act prohibited by this chapter.
If a registration is refused, the applicant may, within ten days from the date notice of refusal is mailed, make a request for reconsideration. The director must render his decision within a reasonable period of time, but not more than sixty days following the request.