Section 2127. Penalties for violations

(a) The superintendent, in lieu of
  revoking or suspending the license of a licensee in accordance with  the
  provisions  of this article, may in any one proceeding by order, require
  the licensee to pay to the people of this state a penalty in a  sum  not
  exceeding  five hundred dollars for each offense, and a penalty in a sum
  not exceeding twenty-five hundred  dollars  in  the  aggregate  for  all
  offenses.
    (b)  Upon  the  failure of such a licensee to pay such penalty ordered
  pursuant to subsection (a) hereof within twenty days after  the  mailing
  of  such  order,  postage prepaid, registered, and addressed to the last
  known place of business of such licensee, unless such order is stayed by
  an order of a court of competent jurisdiction,  the  superintendent  may
  revoke  the  license  of  such licensee or may suspend the same for such
  period as he determines.