The department may deny any application or apply the provisions of §§ 32-6B-41.1 to 32-6B-41.6, inclusive, on any license issued under the provisions of this chapter, for any of the following:

1. (1) Commission of fraud or willful misrepresentation in the application for or in obtaining a license;
2. (2) Conviction of a felony involving vehicle theft or odometer fraud in the last five years;
3. (3) A violation of any law of this state which relates to dealing in vehicles;
4. (4) Failure to comply with any administrative rule promulgated by the department;
5. (5) Perpetration of a fraud upon any person as a result of dealing in vehicles;
6. (6) Failure to apply for transfers of title as required in chapter 32-3;
7. (7) Failure to allow department inspections, including initial and annual inspections, complaint investigations, and necessary follow-up inspections;
8. (8) Misrepresentation through false, deceptive, or misleading statements with regard to the sale or financing of vehicles which a dealer has, or causes to have, advertised, printed, displayed, published, distributed, broadcast, televised, or made in any manner with regard to the sale or financing of vehicles;
9. (9) Refusal to comply with a licensee's responsibility under the terms of the new vehicle warranty issued by its respective manufacturer, unless such refusal is at the direction of the manufacturer;
10. (10) Failure to comply with the terms of any bona fide written, executed agreement pursuant to the sale of a vehicle;
11. (11) Inability to obtain or renew surety bond or to participate in a dealer asset pool;
12. (12) Failure to maintain and continuously occupy a principal place of business; or
13. (13) Failure to obtain or renew a public liability insurance policy of not less than three hundred thousand dollars, if the dealer has been given thirty days written notice to comply.

Source: SL 1986, ch 250 , § 42; SL 1989, ch 256 , § 5; SL 1990, ch 239 , § 3; SL 1990, ch 242 , § 2; SL 1991, ch 245 ; SL 2005, ch 162 , § 7.