(a) An applicant whose license application has been denied or refused or a license holder whose license has been revoked under this subchapter may not file another application for a license as an escrow officer before the first anniversary of:
(1) the effective date of the denial, refusal, or revocation; or
(2) the date of a final court order affirming the denial, refusal, or revocation if judicial review is sought.
(b) A license application filed after the time required by this section may be denied by the department unless the applicant shows good cause why the denial, refusal, or revocation should not be a bar to the issuance of a license.