(a) A registration may be revoked after notice and hearing upon a written finding of fact that the subdivider has
- (1) failed to comply with the terms of a cease and desist order;
- (2) been convicted in a court subsequent to the filing of the application for registration for a crime involving fraud, deception, false pretenses, misrepresentation, false advertising, or dishonest dealing in real estate transactions;
- (3) disposed of, concealed, or diverted funds or assets of any person so as to defeat the rights of subdivision purchasers;
- (4) failed faithfully to perform a stipulation or agreement made with the department as an inducement to grant a registration, to reinstate a registration, or to approve a promotional plan or public offering statement;
- (5) made intentional misrepresentations or concealed material facts in an application for registration.