(1) The division may:
(a) refuse to issue a license to an applicant;
(b) refuse to renew a license;
(c) revoke, suspend, restrict, or place a license on probation;
(d) issue a public or private reprimand to a licensee; or
(e) issue a cease and desist order.
(2) The division shall perform an act listed in Subsection (1) in accordance with Section 58-1-401.