533C.302 - APPLICATION FOR LICENSE.
533C.302 APPLICATION FOR LICENSE. 1. A person applying for a license under this article shall do so in a form prescribed by the superintendent. The application must state or contain: a. The legal name and residential and business addresses of the applicant, if the applicant is an individual, or, if the applicant is not an individual, the name of each partner, executive officer, manager, and director. b. The location of the principal office of the applicant. c. The complete addresses of other locations in this state where the applicant proposes to engage in currency exchange, including all limited stations and mobile locations. d. A description of the source of money and credit to be used by the applicant to engage in currency exchange. e. Other information the superintendent reasonably requires with respect to the applicant, but not more than the superintendent may require under article 2. 2. A nonrefundable application fee of one thousand dollars and the license fee must accompany an application for a license under this article. The license fee shall be the sum of five hundred dollars plus an additional one hundred dollars for each location at which business is conducted, but not to exceed two thousand dollars. Fees for locations added after the initial application shall be submitted with the quarterly reports pursuant to section 533C.503, subsection 2. The license fee must be refunded if the application is denied. A license under this article expires on the next September 30 of an odd-ending year after its issuance. The initial license fee is considered a biennial fee and the superintendent shall prorate the license fee, refunding any amount due to a partial license period. However, no refund of a license fee shall be made when a license is suspended, revoked, or surrendered.
Section History: Recent Form 2003 Acts, ch 96, §11, 42 Referred to in § 533C.303