1. Upon the filing of each application and the payment of the fees, the superintendent
shall conduct an investigation of the facts concerning the application and the requirements
provided in subsection 3.
2. The superintendent shall grant or deny each application for a license within sixty days
from the date that the application and the required fee are filed and paid, unless the period
is extended by written agreement between the applicant and the superintendent.
3. a. The superintendent shall enter an order granting the application, and issue and
deliver a license to the applicant if the superintendent finds that both of the following are
satisfied:
(1)The experience, financial responsibility, character, and general fitness of the applicant
issufficientastocommandtheconfidenceofthepubli
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1. Upon the filing of each application and the payment of the fees, the superintendent
shall conduct an investigation of the facts concerning the application and the requirements
provided in subsection 3.
2. The superintendent shall grant or deny each application for a license within sixty days
from the date that the application and the required fee are filed and paid, unless the period
is extended by written agreement between the applicant and the superintendent.
3. a. The superintendent shall enter an order granting the application, and issue and
deliver a license to the applicant if the superintendent finds that both of the following are
satisfied:
(1) The experience, financial responsibility, character, and general fitness of the applicant
issufficientastocommandtheconfidenceofthepublicandtowarrantbeliefthatthebusiness
will be operated lawfully, honestly, fairly, and efficiently within the purposes of this chapter.
(2) The applicant has not been convicted of or pled guilty to a felony or an indictable
misdemeanor for financial gain, or has not had a record of having defaulted in payment
of money collected for others, including the discharge of such debts through bankruptcy
proceedings.
§533A.3, DEBT MANAGEMENT 4
b. If the applicant is not a natural person, this subsection shall apply to the owners,
partners, members, shareholders, officers, directors, and managers of the applicant.
4. If the applicant has, at the time of the application, a license for an office located within
ten miles of the location of the office named in the application, a license shall not be issued
unless the superintendent finds that public convenience will be served by the issuance of the
license.
5. A license shall not be transferable or assignable.
6. If the superintendent finds the applicant not qualified under subsection 3, the
superintendent shall enter an order denying the application and notify the applicant of
the denial, returning the license fee. Within fifteen days after the entry of such order, the
superintendent shall prepare written findings and shall deliver a copy to the applicant.