Section 446-E. Revocation and suspension of licenses

1. Powers of secretary
  of  state.  The secretary may revoke or suspend a license, impose a fine
  not to exceed five thousand dollars, order refunds to aggrieved parties,
  and issue reprimands, upon a finding that a licensee has violated any of
  the provisions of this article, or has made a material  misstatement  in
  his  application  for  such  license, or has been found to be engaged in
  fraudulent  practices,  dishonest  or  misleading  advertising,  or  has
  demonstrated  untrustworthiness  or  incompetency to act as an apartment
  information vendor.
    2. Determination of secretary. In the event that the  secretary  shall
  revoke  or suspend any such license, impose a fine or issue a reprimand,
  his determination shall be in writing and signed by  him.  The  original
  thereof  shall be filed in the office of the secretary and copies served
  personally or by registered mail upon the  licensee,  addressed  to  his
  principal  place  of  business.    All licenses shall be returned to the
  secretary within five days after receipt  of  notice  of  revocation  or
  suspension,  or  in  lieu  thereof,  the licensee shall make and file an
  affidavit in form prescribed by the secretary showing that  the  failure
  to return such license is due either to loss or destruction thereof.
    3.  The display of a license after revocation or suspension thereof is
  a violation of this article.