(1) On a decision that a licensee or license applicant has committed unprofessional conduct as provided in 37-1-316, or on stipulation of the parties, the board may order one or any combination of the following sanctions that are necessary to protect the public:
(a) revocation of the license;
(b) suspension of the license for a fixed or indefinite term;
(c) compliance with the conditions of probation for a period not to exceed 3 years;
(d) restriction or limitation of the practice;
(e) monitoring of the practice by a supervisor approved by the disciplining authority;
(f) satisfactory completion of a specific program of remedial education or treatment;
(g) payment of a fine not to exceed $5,000 for each violation. Fines must be deposited in the state general fund.
(h) denial of a license application or issuance of the license for a probationary period not to exceed 3 years;
(i) censure or reprimand;
(j) refund of costs and fees billed to and collected from a consumer; or
(k) other appropriate action.
(2) A sanction may be totally or partly stayed by the board.
(3) The licensee or license applicant may enter into a stipulated agreement resolving potential or pending charges that includes one or more of the sanctions in this section. The stipulation is an informal disposition for the purposes of 2-4-603.