1. A. Upon the filing of an application and bond and payment of the annual license fee of One Hundred Dollars ($100.00) and an investigation fee of One Hundred Twenty-five Dollars ($125.00), the Administrator shall conduct an investigation. If he finds that the financial responsibility, experience, character and general fitness of the applicant are such as to warrant belief that the business will be operated lawfully and fairly, within the purposes of Section 1501 et seq. of this title, and the applicant meets the eligibility requirements of Section 7 of this act, he shall grant the application and issue to the applicant a license which will evidence his authority to do business under the provisions of Section 1501 et seq. of this title. Provided, that if a license is granted pursuant to an application filed after June 30 of any year the license fee for the balance of such year shall be Fifty Dollars ($50.00).
2. B. If the Administrator does not so find facts sufficient to warrant issuance of a license, he shall notify the applicant. If within thirty (30) days of such notification the applicant requests a hearing on the application, a hearing shall be held within sixty (60) days after the date of the request. In the event of the denial of a license, the investigation fee shall be retained by the Administrator, but the annual license fee shall be returned to the applicant.
3. C. The Administrator shall grant or deny each application for license within sixty (60) days from its filing with the required fees, or from the hearing thereon, if any, unless the period is extended by written agreement between the applicant and the Administrator.
4. D. No license to engage in the business of a pawnbroker shall be issued for any location where a license has been issued and is in effect under the provisions of Section 14A-3-501 et seq. of Title 14A of the Oklahoma Statutes. The word "location" as used in this subsection means the entire space in which a Title 14A licensee conducts business. No pawnshop may be connected with any location in which a Title 14A licensee conducts business, except by a passageway to which the public is not admitted.

Laws 1972, HB 1633, c. 255, § 5; Amended by Laws 1987, SB 61, c. 208, § 44, emerg. eff. July 1, 1987; Amended by Laws 1987, HB 1473, c. 236, § 70, emerg. eff. July 20, 1987; Amended by Laws 1988, SB 483, c. 191, § 1, eff. November 1, 1988.