The commission shall have the authority to fine any licensee, permit holder, or otherwise authorized person or entity by a dated notice to the fined party, mailed or delivered to the party at the party’s last known address on file with the commission, and specifying the effective date of such fine. Such fine may be ordered without any advance hearing. Upon the receipt of such notice of fine, the fined party may request a hearing on the matter before the commission to show cause why the fine should be modified or rescinded. Such application for a hearing must be in writing and must be received by the commission within 30 days after the date of service of the notice of fine. When a fine has been imposed upon a party, his or her license, permit or other authorization may, in the discretion of the commission, be suspended until such fine has been paid.