The Secretary shall license an FRC that meets the requirements of this chapter. The license for an FRC shall be effective for 1 year. The Secretary may renew the license of an FRC if it continues to meet the requirements of this chapter. Approval, Denial, Revocation, and Sanctions. The Secretary may deny an application, suspend, revoke, or impose disciplinary sanctions on the license of an FRC if it fails to comply with the requirements of this chapter. Any action to deny an application, suspend, revoke, or impose sanctions on a license shall be governed by COMAR 10.22.03.