Subject to the hearing provisions of § 8-317 of this title and § 8-6B-19 of this subtitle, the Board may remove an institution from its list of institutions that offer approved electrology education programs if the institution:

(1) Is guilty of fraud or deceit in obtaining or attempting to obtain approval;

(2) Acts in a manner inconsistent with generally accepted standards for the practice of electrology;

(3) Advertises in a manner that the Board determines violates § 8-6B-22 of this subtitle;

(4) Violates the standards set under this subtitle and does not correct the violation in a reasonable time after notice is given; or

(5) No longer operates a program that qualifies for approval under this subtitle.