This section applies to a violation that is cause for suspension or revocation of a license. Instead of or in addition to suspending or revoking the license, the Board may: for a first offense: except as provided in item (ii) of this item, impose a fine not exceeding $1,500; or for a violation of § 10–117 of the Criminal Law Article, impose a fine of $1,500; for a second offense in the same 24–month period, impose a fine not exceeding $6,000; and for a third offense in the same 24–month period, impose a fine of $7,500. For a fourth offense in the same 24–month period, the Board shall suspend the license for 30 days, unless the Board revokes the license.