(1) In accordance with Section 58-1-401, the division may:
(a) refuse to issue a license to an applicant;
(b) refuse to renew the license of a licensee;
(c) revoke the right of a licensee to recover from the Residence Lien Recovery Fund created by Section 38-11-201;
(d) revoke, suspend, restrict, or place on probation the license of a licensee;
(e) issue a public or private reprimand to a licensee; and
(f) issue a cease and desist order.
(2) In addition to an action taken under Subsection (1), the division may take an action described in Subsection 58-1-401(2) in relation to a license as a contractor, if:
(a) the applicant or licensee is an unincorporated entity; and
(b) an individual who holds an ownership interest in or is the qualifier under Section 58-55-304 of the applicant or licensee engages in:
(i) unlawful conduct as described in Section 58-55-501; or
(ii) unprofessional conduct as described in Section 58-55-502.