1. A. Upon the filing of an application, bond and the payment of an annual license fee of Two Hundred Dollars ($200.00) and a one-time investigation fee of Two Hundred Twenty-five Dollars ($225.00) by a dealer, the Administrator shall conduct an investigation of the applicant prior to issuance of a dealer license.
2. B. Upon the filing of an application, and payment of the fee as provided for in subsection A of Section 1526 of this title, and payment of a one-hundred-dollar fee by an employee of a licensed dealer, the Administrator shall conduct an investigation of the applicant prior to issuance of an employee license.
3. C. Upon renewal of a license for either a dealer or an employee, the Administrator may conduct an investigation at his discretion or at the request of a district attorney for any county in which the applicant has a permanent place of business.
4. D. If the Administrator finds that the financial responsibility, experience and character of the dealer are such as to warrant belief that the business will be operated lawfully and fairly, within the purposes of this act, the dealer shall be issued a license. Any person engaged as a dealer or employee on the operative date of this act shall have thirty (30) days from the operative date of this act to apply for a license.
5. E. A separate license shall be required for each location, place or premises used by a dealer for the conducting of business pursuant to the provisions of this act and each license shall designate the location, place, or premises to which it applies. The business of the dealer shall not be conducted in any place other than that designated by the license. The license shall not be transferable.
6. F. If the Administrator does not 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 day 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.
7. G. The Administrator shall grant or deny an application for license within sixty (60) days from the day of filing or from the last day of a hearing as provided in subsection F of this section, unless the period is extended by written agreement between the applicant and the Administrator.
8. H. The Administrator may issue more than one license to any one person upon compliance with the provisions of this act as to each license. When a dealer wishes to move his business to another location, he shall give thirty (30) days' written notice to the Administrator, who shall amend the license accordingly.
9. I. Licensed pawnbrokers shall not be subject to any of the fees provided for in this section.
10. J. Of the license fee provided for in subsection A of this section, Fifty Dollars ($50.00) shall be deposited in the General Revenue Fund of the State Treasury and One Hundred Fifty Dollars ($150.00) shall be deposited in the Consumer Credit Administrative Expenses Revolving Fund created in Section 1 of this act.
11. K. Of the one-time inspection fee provided for in subsection A of this section, Fifty Dollars ($50.00) shall be deposited in the General Revenue Fund of the State Treasury and One Hundred Seventy-five Dollars ($175.00) shall be deposited in the Consumer Credit Administrative Expenses Revolving Fund created in Section 1 of this act.
12. L. Of the fee required of employees as provided for in subsection B of this section, Twenty-five Dollars ($25.00) shall be deposited in the General Revenue Fund of the State Treasury and Seventy-five Dollars ($75.00) shall be deposited in the Consumer Credit Administrative Expenses Revolving Fund created in Section 1 of this act.

Added by Laws 1981, HB 1305, c. 213, § 5, emerg. eff. July 1, 1981; Amended by Laws 1982, HB 1486, c. 72, § 2; Amended by Laws 2009, HB 1265, c. 431, § 5, emerg. eff. July 1, 2009 (superseded document available).