Suspension or revocation of license

(A) The board may suspend or revoke a license issued pursuant to this chapter if, after notice and opportunity for hearing, the board issues written findings that the licensee has: (1) violated this chapter or applicable state or federal law; (2) made a false statement on the application for a license under the chapter; (3) refused to permit investigation by the board as authorized by this chapter; (4) failed to comply with an order of the board; (5) demonstrated incompetency or untrustworthiness to engage in the business of deferred presentment services; or (6) been convicted of a felony or misdemeanor involving fraud, misrepresentation, or deceit. (B) The board may not suspend or revoke a license issued pursuant to this chapter unless the licensee has been given notice and opportunity for hearing in accordance with the Administrative Procedures Act.