The executive director may deny an application to register or refuse to renew a registration under this chapter if the applicant or, if applicable, a controlling person of the applicant has:
(1) violated this chapter or a rule or order of the commission or executive director; or
(2) had suspended or revoked, or has been otherwise formally disciplined in connection with, any authorization to practice an occupation or engage in a business that was issued by a licensing authority in this state or another state.