1. The commissioner may issue and serve upon any licensee an order suspending or revoking a license if the commissioner finds that the licensee or any principal of the licensee has been convicted of a felony or that the licensee knowingly or through lack of due care: a. Failed to pay the annual license fee imposed under this chapter or any examination fee imposed by the commissioner under the authority of this chapter; b. Committed any fraud, engaged in any dishonest activities, or made any misrepresentations; c. Violated this chapter or any rule adopted under this chapter or violated any other law in the course of the licensee's business activities as a licensee; d. Made false statements in the application for the license; e. Engaged in any unfair or deceptive acts, practices, or advertising in the conduct of a deferred presentment service business; f. Failed to maintain the required bond; or g. Failed to maintain registration with the secretary of state if so required. 2. The order must contain a notice of opportunity for hearing pursuant to chapter 28-32. 3. If a hearing is not requested within twenty business days of the date the order is served upon the licensee or if a hearing is held and the commissioner finds that the record so warrants, the commissioner may enter a final order suspending or revoking the license. 4. If the commissioner finds that probable cause for revocation of any license exists and that enforcement of the chapter requires immediate suspension of such license pending investigation, it may upon written notice enter an order temporarily suspending such license for a period not exceeding sixty days, pending the holding of a hearing as prescribed in this chapter.
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