Whenever any person fails to comply with any provision of this chapter pertaining to contractor’s liability insurance or the payment of permit fees, the Office of Finance upon hearing, after giving such person ten days’ notice, in writing, specifying the time and place of hearing and requiring the person to show cause why the permit should not be revoked for such failure, may revoke or suspend any one or more of the permits held by such person. The notice shall be served in the same manner as notices are served under Section 21.16 of the Los Angeles Municipal Code.