The commissioner shall deny an application if he or she finds that the applicant:

1. (a) Has failed to furnish the required bond;
2. (b) Has failed to furnish the required certificate of insurance;
3. (c) Has knowingly made a false statement of a material fact in the application;
4. (d) Has habitually defaulted on financial obligations;
5. (e) Has been convicted of a felony within five years immediately preceding receipt of the application by the commissioner;
6. (f) Has been refused, or has had revoked, an automobile auction license in any other state or jurisdiction within five years immediately preceding receipt of the application by the commissioner;
7. (g) So far as can be ascertained, has not complied with and will not comply with the registration and title laws of this state;
8. (h) Has been convicted of any fraudulent act in connection with the business of an automobile auction; or
9. (i) Has committed any act or has failed or refused to perform any duty for which the license certificate, if issued, could be suspended or revoked.