(1) The department may suspend or revoke a license issued under this act if the department determines that the licensee or licensee's manager, if an individual, or if the licensee is a person other than an individual, that an officer, director, partner, or its manager, has done any of the following:

    (a) Made false statements or given false information in connection with an application for a license or a renewal or reinstatement of a license.

    (b) Violated this act or any rule promulgated under this act.

    (c) Been convicted of a felony or misdemeanor involving dishonesty or fraud, unauthorized divulging or selling of information or evidence.

    (d) Been convicted of impersonation of a law enforcement officer or employee of the United States or a state, or a political subdivision of the United States or a state.

    (e) Been convicted of illegally using, carrying, or possessing a dangerous weapon.

    (f) In the case of a law enforcement officer issued a license under the conditions contained in section 6(3), violated the policies and procedures governing off-duty employment.

    (2) In addition to the suspension or revocation provisions available to the department under subsection (1), the department may do 1 or more of the following regarding a licensee or a licensee's manager, if an individual, or if the licensee is a person other than an individual, an officer, director, partner, member, or its manager, who violates this act or a rule or order promulgated or issued under this act:

    (a) Place a limitation on a license.

    (b) Deny a renewal of a license.

    (c) Issue an order of censure.

    (d) Issue an order of probation.

    (e) Impose a requirement that restitution be made.

    (3) Upon notification from the department of the suspension or revocation of the license, the licensee, within 24 hours, shall surrender to the department the license and his or her identification card. Failure to surrender the license in compliance with this subsection is a misdemeanor.