The director, after conducting a hearing for the licensee, may cancel, suspend or revoke the license of a school or agent in any case in which the director finds that the licensee has not complied with, or has knowingly violated, this chapter or any rule adopted under this chapter. Each cancelled, suspended or revoked license shall be returned to the director by the licensee. Decisions of the director shall be subject to judicial review pursuant to Title 12, Chapter 7, Article 6.