§ 4866 - Qualification of applicant
§ 4866. Qualification of applicant
(a) The commissioner shall issue a license to the applicant upon the filing of the application and the payment of the fees, if the commissioner finds upon investigation:
(1) that the financial responsibility, experience, character, and general fitness of the applicant, and of the members, officers, directors, and persons in control of the applicant, command the confidence of the community and warrant belief that the business will be operated honestly, fairly, and efficiently within the purposes of this chapter; and
(2) that neither the applicant nor any of such members, officers, directors, or persons in control of the applicant have been convicted of a felony or has had a record of having defaulted in the payment of money collected for others, including the discharge of such debts through bankruptcy proceedings; and
(3) that the applicant has the bond required by section 4865 of this title.
(b) If the commissioner does not so find, the commissioner shall notify the applicant of the denial and return the license fee, retaining the $250.00 investigation fee to cover the costs of investigating the application. The commissioner may require as part of the application a credit report and such other information as the commissioner may deem necessary. (Added 1969, No. 204 (Adj. Sess.), eff. March 23, 1970; amended 2003, No. 81 (Adj. Sess.), § 1.)