1. (1) Any temporary license, provisional license, or regular license, agent's license, certificate of exemption, or other authorization required under the provisions of ss. 246.011-246.151 may be denied, placed on probation, or revoked by the board. A college which has its certificate of exemption revoked shall become subject to the licensing provisions of the board. The board shall promulgate rules for these actions. Placement of a college on probation for a period of time and subject to such conditions as the board may specify may also carry the imposition of an administrative fine not to exceed $5,000. Such fine shall be deposited into the Institutional Assessment Trust Fund. Disciplinary action undertaken pursuant to this section against a college that is also licensed by the State Board of Independent Postsecondary Vocational, Technical, Trade, and Business Schools shall prompt disciplinary proceedings pursuant to s. 246.226.
2. (2) By December 1, 1992, the board shall adopt rules for taking action against any college that does not fully comply with the fair consumer practices required by s. 246.095.

History.--s. 11, ch. 71-128; s. 3, ch. 76-168; s. 1, ch. 77-457; s. 13, ch. 78-95; ss. 2, 3, ch. 81-318; ss. 15, 23, 24, ch. 82-203; s. 28, ch. 86-145; s. 13, ch. 89-344; ss. 11, 19, 20, ch. 92-321.