The Oklahoma Used Motor Vehicle, Dismantler, and Manufactured Housing Commission is authorized to refuse, cancel, suspend or revoke a license to any person, firm or corporation for the following reasons:
1. Failure to meet the requirements of the Automotive Dismantlers and Parts Recycler Act;
2. Failure to continue to meet the requirements of this act or of the rules promulgated by the Commission pursuant to the provisions of the Automotive Dismantlers and Parts Recycler Act;
3. Upon satisfactory proof of unfitness of the applicant or the licensee, as the case may be, under the standards established by the Automotive Dismantlers and Parts Recycler Act;
4. For the felony conviction of a state or federal law by an applicant, licensee, partner of an applicant or licensee, director, officer, or stockholder in the case of a corporate applicant or licensee, or an employee, manager, or any person having a pecuniary interest in the business involving:
a. theft, b. violation of the Oklahoma certificate of title law or similar laws of other states, c. alteration, obliteration, or removal of a vehicle identification number, or d. any other act directly relating to the ability of the applicant or licensee to conduct an automotive dismantler and parts recycling business;
5. Commission of any unlawful act which resulted in the revocation of any similar license in another state; or 6. Engaging in business under a past or present license issued pursuant to the Automotive Dismantlers and Parts Recycler Act in such a manner as to cause injury to the public or to those with whom the licensee has dealt.