Subject to the hearing provisions of § 21–312 of this subtitle, the Board, on the affirmative vote of a majority of its members then serving, may deny a registration to any applicant, reprimand any registered individual, or suspend or revoke a registration if the applicant or registered individual: fraudulently or deceptively obtains or attempts to obtain a registration for the applicant or registered individual or for another; fraudulently or deceptively uses a registration; under the laws of the United States or of any state, is convicted of a felony or a misdemeanor, either of which is directly related to the fitness and qualification of the applicant or registered individual to provide individual tax preparation services; is guilty of negligence, incompetence, or misconduct while providing individual tax preparation services; violates any regulation adopted under this title; or violates any provision of this title. In addition to reprimanding or suspending or revoking a registration under this subsection, the Board may impose a penalty not exceeding $5,000 for each violation. To determine the amount of the penalty imposed under this subsection, the Board shall consider: the seriousness of the violation; the harm caused by the violation; the good faith of the registered individual; and any history of previous violations by the registered individual. The Board shall use a penalty collected under this subsection to provide for the enforcement of this section.