(1) The department may cancel a driver's license if it has reasonable grounds to believe that:
(a) the licensee was not entitled to the issuance;
(b) since the issuance, the licensee has become ineligible as determined pursuant to the provisions of 61-5-105;
(c) the licensee failed to give the required or correct information in the licensee's application or committed any fraud in making the application; or
(d) the licensee has applied for another driver's license or an identification card issued by the department.
(2) A person whose driver's license is canceled because the person failed to give the required or correct information on the application or committed any fraud in making the application is disqualified from operating a commercial motor vehicle for a period of 60 days from the date of the cancellation.