I got the same system on my CE200, the brake pump itself is attached to the drivers side frame rail (a short distance behind the drivers seat) The system itself is quite good and reliable, however I have heard of this issue a few times in my time driving the CE series buses before they were all retired. It could simply be an electrical fault in the system that’s tripping the computer (that’s what I had once that prevented the bus from moving) or a burned out pump motor.
As for the PB cable being cut, that seems to be the only way to circumnavigate the interlock (in no way is it advised) to get the bus moving again (in terms of safely getting it towed without damaging driveline components). That interlock can be triggered by two things, a brake pressure fault, or an electrical fault (low batteries, bad alternator, etc)
I’ve luckily had no such issues with my brake pump though I did replace the computer after the old one was removed prior to my acquisition of the bus. I’ve since acquired two spare (used) units in case of issues (both complete assemblies) If the pump needs replacing, a heavy truck salvage yard that specializes in buses would be a good idea for a short-term fix. (The system itself new costs a pretty penny to replace)