-34 Issuance of permit; grounds for denial. (a) The commissioner shall conduct a study each and every applicant to determine the economic duty, character, and basic fitness of this applicant. The commissioner shall issue the applicant a permit to take part in the business enterprise of creating dollar that is small in the event that commissioner determines that:
(1) The applicant or, in the case of an applicant that’s not a person, each one of the applicant’s control people, executive officers, directors, basic lovers, and handling people, never possessed a little buck loan provider permit revoked in almost any jurisdiction; so long as a subsequent formal getaway of a revocation shall never be considered a revocation;
(2) The applicant or, when it comes to an applicant that’s not a person, each one of the applicant’s control people, executive officers, directors, basic partners, and handling people, will not be convicted of, pled bad or nolo contendere to, or been given a deferred acceptance of the responsible plea under federal law or under chapter 853 to a felony in a domestic, international, or court that is military
(A) throughout the period that is seven-year the date regarding the application for certification; or
(B) At any moment preceding the date of application, in the event that felony included a work of fraudulence, dishonesty, breach of trust, or cash laundering;
so long as any pardon of the conviction shall never be considered a conviction for the purposes of the area;
(3) The applicant or, in the event of an applicant that’s not a person, all the applicant’s control persons, executive officers, directors, basic lovers, and handling users, has demonstrated responsibility that is financial character, and basic physical physical physical fitness to command the confidence regarding the community also to justify a determination that the applicant shall run actually, fairly, and efficiently, pursuant for this chapter.