(a) Each application shall include all of the following:

1. (1) Such information as the department may consider proper or necessary.
2. (2) The name and address of the applicant.
3. (3) The name and address of the processor that is represented or sought to be represented by the agent.
4. (4) The written endorsement or nomination of the processor.

5. (5) A release authorizing the department, during consideration of the application and for the duration of licensure, to have access to and obtain financial information from both of the following:

   1. (A) The applicant’s files with credit reporting agencies.
   2. (B) The applicant’s files with banks, savings and loan associations, or any other financial institutions with whom the applicant has done business in the past or with whom the applicant intends to do business during the year of licensure.
6. (6) A notice signed by the applicant that the department may obtain criminal record information during the course of a licensing investigation or upon presentation with a reasonable basis to believe the licensee has been convicted of a crime. An applicant whose application is incomplete shall be given written notice that a failure to complete it within 30 calendar days shall result in denial of the application.