(

a) The commissioner may by order summarily suspend or revoke the license of any licensee if that person fails to file the report required by

Section within days after notice by the commissioner that the report is due and not filed. If, after an order is made, a request for hearing is filed in writing within days and the hearing is not held within days thereafter, the order is deemed rescinded as of its effective date. (b)

(1) Subject to paragraph (2), the commissioner may impose, by order, a penalty on any licensee who does not do, within the time specified in any written demand of the commissioner, either of the following: (

A) Make and file with the commissioner any report required by law. (

B) Furnish any material information required by the commissioner to be included in any report required by law.

(2) A penalty may not be imposed on a licensee pursuant to this subdivision in connection with a report or information required to be submitted by a licensee if either: (

A) The commissioner requires information from the licensee pursuant to subdivision (

a) of

Section that was not required the prior year and the licensee is notified about the requirement to submit that new information less than days before the information is due to the commissioner. (

B) The commissioner requires the licensee to submit information pursuant to subdivision (

b) of

Section and the licensee is notified about the requirement to submit that information less than days before the information is due to the commissioner.

(3) The amount of the penalty imposed pursuant to this subdivision shall not exceed one hundred dollars ($100) for each business day for the first five business days the report or information is overdue, and thereafter shall not exceed five hundred dollars ($500) for each business day the report or information is overdue, not to exceed twenty-five thousand dollars ($25,000) in the aggregate. (

c) If an order has been made under subdivision (b), and a request for a hearing is filed in writing within days of the date of service of the order by the licensee to whom the order was directed, a hearing shall be held in accordance with

Chapter 5 (commencing with

Section 11500) of Part of Division of Title of the Government Code. At the hearing, the commissioner shall have all the powers granted under that chapter. (

d) If the licensee fails to file a written request for a hearing within days of the date of service of the order, the order imposing the penalty shall be deemed a final order of the commissioner, and the penalty shall be paid within five business days. (

e) If a hearing is requested, the penalty shall be paid within five business days after the effective date of any decision in the case ordering payment to be made.