(a) The director may deny, permanently revoke, or suspend for a definite period and specified sales location or geographic area a license if the director determines that the applicant or license holder:
(1) knowingly and wilfully violated this chapter or a rule adopted or order issued under this chapter;
(2) unlawfully retained or converted money, property, or any other thing of value from a consumer in the form of a down payment, sales or use tax, deposit, or insurance premium;
(3) failed repeatedly to file with the department a completed application for a statement of ownership before the 61st day after the date of the sale of a manufactured home as required by § 1201.206 or the date of the installation, whichever occurred later;
(4) failed to give or breached a manufactured home warranty required by this chapter or by the Federal Trade Commission;
(5) engaged in a false, misleading, or deceptive act or practice as described by Subchapter E, Chapter 17, Business & Commerce Code;
(6) failed to provide or file a report required by the department for the administration or enforcement of this chapter;
(7) provided false information on an application, report, or other document filed with the department;
(8) acquired a criminal record during the five-year period preceding the application date that, in the opinion of the director, makes the applicant unfit for licensing;
(9) failed to file a bond or other security for each location as required by Subchapter C;
(10) has had another license issued by this state revoked or suspended; or
(11) failed to pay the required fee to obtain or renew a license.
(b) The director may suspend or revoke a license if, after receiving notice of a claim, the license holder or the license holder’s surety fails or refuses to pay a final claim paid under the manufactured homeowner consumer claims program for which demand for reimbursement was made.