(1) In accordance with Chapter 2, Division of Consumer Protection, and Title 63G, Chapter 4, Administrative Procedures Act, the division may initiate adjudicative proceedings to deny, suspend, or revoke a registration statement, registration certificate, or state authorization certificate if:
(a) the division finds that the denial, suspension, or revocation is in the public interest; and
(b)
(i) the registration statement is incomplete, false, or misleading;
(ii) the division determines that a postsecondary school's educational credential represents undertaking or completing an educational achievement that has not been undertaken or completed; or
(iii) a postsecondary school or a principal of the postsecondary school:
(A) violates, causes a violation, or allows a violation of a provision of:
(I) this chapter;
(II) a rule made by the division under this chapter; or
(III) a commitment made in a registration statement;
(B) violates Chapter 11, Utah Consumer Sales Practices Act;
(C) is enjoined by a court, or is the subject of an administrative or judicial order issued in Utah or another state, if the injunction or order:
(I) includes a finding or admission of fraud, breach of fiduciary duty, or material misrepresentation; or
(II) is based on a finding of lack of integrity, truthfulness, or mental competence;
(D) is convicted of a crime involving theft, fraud, or dishonesty;
(E) obtains or attempts to obtain a registration certificate by misrepresenting any material fact;
(F) fails to timely file with the division a report required by:
(I) this chapter; or
(II) a rule the division makes under this chapter;
(G) fails to provide information the division requests;
(H) fails to pay an administrative fine the division imposes under this chapter, or a fine an administrative or judicial order in Utah or another state imposes;
(I) fails to demonstrate fiscal responsibility;
(J) fails to pay the fee required to file a registration statement;
(K) fails to satisfy the requirements of this chapter or rule made by the division under this chapter; or
(L) fails to satisfy a reasonable restriction or condition the division imposes under Subsection (2).
(2) The division may impose reasonable restrictions and conditions on a postsecondary school's registration certificate or state authorization certificate if:
(a) the restriction or condition protects student interests; and
(b) a behavior or condition described in Subsection (1)(b) applies to the postsecondary school or the postsecondary school's principal, registration statement, or educational credential.