(a) The Board may, after appropriate notice and opportunity for hearing, suspend for a period not to exceed 12 months or bar a person from any position of employment with a licensee if the Board finds that the person has willfully used or claimed without authority a designation or certification of special education, practice, or skill that the person has not attained, or willfully held out to the public a confusingly similar designation or certification for the purpose of misleading the public regarding the person’s qualifications or experience.
(b) Within 15 days from the date of a notice of intention to issue an order pursuant to subsection (a), the person may request a hearing under this chapter and the regulations issued pursuant to this chapter. Upon receiving a request, the matter must be set for hearing to commence within 30 days after receipt unless the person subject to this chapter consents to a later date. If no hearing is requested within 15 days after the mailing or service of the notice and none is ordered by the Board, the failure to request a hearing constitutes a waiver of the right to a hearing.
(c) Upon receipt of a notice of intention to issue an order pursuant to subsection (a), the person who is the subject of the proposed order is immediately prohibited from engaging in any activities subject to licensure under this chapter.
(d) Persons suspended or barred under this section are prohibited from participating in any business activity of a licensed finance lender or broker, and from engaging in any business activity on the premises where a licensed finance lender or broker, is conducting its business. This subsection may not be construed to prohibit suspended or barred persons from having their personal transactions processed by a licensed finance lender or broker.