(1) A certification issued pursuant to this article may be suspended or revoked upon a finding by the administrator of any of the following:
(a) A false statement in the application concerning a material matter;
(b) Fraud, misrepresentation, or bribery in applying for certification;
(c) Failure to notify the owner or lessee of a conveyance and the administrator or approved local jurisdiction, if any, of a condition not in compliance with this article; or
(d) A violation of any provision of this article or of any rule adopted pursuant to this article.
(2) The suspension or revocation of a license shall be made as a result of a notice of violation in accordance with section 8-20-104, C.R.S.
(3) The administrator shall not issue a license to a person whose license has been revoked within the last two years.