No credit services organization shall do any of the following:

1. (A) Obtain a certificate of registration through any false or fraudulent representation or make any substantial misrepresentation in any registration application;
2. (B) Make false promises through advertising or other means in the conduct of its business or engage in a continued course of misrepresentations in the conduct of its business;
3. (C) Engage in conduct that constitutes improper, fraudulent, or dishonest dealings in the conduct of its business;
4. (D) Fail to notify the division of financial institutions if the credit services organization is convicted, in a court of competent jurisdiction of this state or any other state, of a felony or any criminal offense involving fraud.