(a) The Arkansas Abstracters' Board is authorized, after a hearing as provided in § 17-11-341, to cancel and revoke any certificate of registration issued to any person under the provisions of this chapter:
(1) For a violation of any of the provisions of this chapter;
(2) Upon a conviction of the holder of such a certificate of a crime involving moral turpitude; or
(3) If the board finds the holder to be guilty of habitual carelessness or of fraudulent practices in the conduct of the business of abstracting.
(b) The board is authorized, after a hearing as provided in § 17-11-341, to cancel and revoke any certificate of authority issued to any person, firm, or corporation under the provisions of this chapter for:
(1) Failure to furnish the bond or bonds, or other securities, required by § 17-11-324;
(2) Failure to properly maintain an abstract plant;
(3) Failure to have employed a registered abstracter as provided in § 17-11-301; or
(4) Otherwise violating any of the provisions of this chapter.