Upon a determination by the Division of Arkansas State police that there exists good cause to believe that the acts or omissions of an applicant, licensee, credential holder, or commission holder constitute a violation of this part, the Polygraph Examiners Licensing Act, Arkansas Code § 17-39-101 et seq., or the Private Security Agency, Private Investigator, and School Security Licensing and Credentialing Act, Arkansas Code § 17-40-101 et seq., the division may:

1. (1) Deny an application;

2. (2) Revoke or suspend a:

   1. (A) License;
   2. (B) Credential; or
   3. (C) Commission;
3. (3) Levy fines; and/or

4. (4) Reprimand a:

   1. (A) Licensee;
   2. (B) Credential holder; or
   3. (C) Commission holder.