1.  If the Commissioner has reason to believe that grounds for the revocation or suspension of a license exist, the Commissioner shall give at least 20 days’ written notice to the private professional guardian company stating the contemplated action and, in general, the grounds therefor and set a date for a hearing.

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2.  At the conclusion of a hearing, the Commissioner shall:

(a) Enter a written order dismissing the charges, revoking the license or suspending the license for a period of not more than 60 days, which period must include any prior temporary suspension. The Commissioner shall send a copy of the order to the private professional guardian company by registered or certified mail.

(b) Impose upon the private professional guardian company an administrative fine of not more than $10,000 for each violation by the private professional guardian company of any provision of this chapter or any regulation adopted pursuant thereto.

(c) If a fine is imposed pursuant to this section, enter such order as is necessary to recover the costs of the proceeding, including investigative costs and attorney’s fees.

3.  The grounds for revocation or suspension of a license are that:

(a) The private professional guardian company has failed to pay the annual license fee;

(b) The private professional guardian company has violated any provision of this chapter or any regulation adopted pursuant thereto or any lawful order of the Commissioner;

(c) The private professional guardian company has failed to pay any applicable state or local tax as required;

(d) Any fact or condition exists which would have justified the Commissioner in denying the original application for a license pursuant to the provisions of this chapter; or

(e) The private professional guardian company:

(1) Failed to open an office for the conduct of the business authorized by its license within 180 days after the date the license was issued; or

(2) Has failed to remain open for the conduct of the business for a period of 30 consecutive days without good cause therefor.

4.  An order suspending or revoking a license becomes effective 5 days after being entered unless the order specifies otherwise or a stay is granted.

5.  If the Commissioner enters an order suspending or revoking a license pursuant to this section, the Commissioner shall send a copy of the order to each district court in this State.