The department may deny an application for a license, or suspend or revoke a license after it has been granted, for the following reasons:

(1)  On proof of unfitness of applicant to do business as a motor vehicle dealer.

(2)  For any material misstatement by an applicant in an application for a license.

(3)  For any willful failure to comply with the provisions of this section or with any rule or regulation promulgated by the department under § 31-5-1 — § 31-5-20.

(4)  For willfully defrauding any buyer of a motor vehicle.

(5)  For any willful failure to perform any written agreement with any buyer of a motor vehicle.

(6)  For having made a fraudulent sale, transaction, or repossession.

(7)  For any fraudulent misrepresentation, circumvention, or concealment, through whatsoever subterfuge or device, of any of the material particulars of any sale to any buyer of a motor vehicle.

(8)  For knowingly permitting any salesperson to sell or exchange, or offer or attempt to sell or exchange, any motor vehicle except for the licensed motor vehicle dealer by whom he or she is employed, or to offer, transfer, or assign any sale or exchange, that he or she may have negotiated, to any other dealer.

(9)  For the employment of any fraudulent device, method, or process in connection with the compliance with any requirement under statutes of this state with respect to the retaking of goods under a retail installment contract and the redemption and resale of those goods.

(10)  For having indulged in any unconscionable practice relating to business as a motor vehicle dealer.

(11)  For having violated any law relating to the sale, distribution, or financing of motor vehicles.