Any person who violates a cease and desist order of the commissioner under section 507B.7, and while such order is in effect, may after notice and hearing and upon order of the commissioner be subject at the discretion of the commissioner to any one or more of the following:
1. A monetary penalty of not more than ten thousand dollars for each and every act or violation.
2. Suspension or revocation of such person's license.
[C97, § 1783; S13, § 1820-c; SS15, § 1758-f; C24, 27, 31, 35, 39, § 8667, 8760, 9022; C46, 50, 54, § 508.24, 511.21, 515.144; C58, 62, 66, 71, 73, 75, 77, 79, 81, § 507B.11]
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