(1) Subject to 37-1-138, each licensing board allocated to the department has the authority, in addition to any other penalty or disciplinary action provided by law, to adopt rules specifying grounds for disciplinary action and rules providing for:
(a) revocation of a license;
(b) suspension of its judgment of revocation on terms and conditions determined by the board;
(c) suspension of the right to practice for a period not exceeding 1 year;
(d) placing a licensee on probation;
(e) reprimand or censure of a licensee; or
(f) taking any other action in relation to disciplining a licensee as the board in its discretion considers proper.
(2) Any disciplinary action by a board must be conducted as a contested case hearing under the provisions of the Montana Administrative Procedure Act.
(3) An action may not be taken against a person who is in compliance with Title 16, chapter 12, part 5.
(4) Rules adopted under subsection (1) must provide for the provision of public notice as required by 37-1-311.