Sec 32-2425. Issuance of license and identification card; deadline for completing application; transfer of license prohibited

A. The department shall issue an agency license to any applicant who complies with this chapter. Each license shall contain the name and address of the licensee and the number of the license and shall be issued for a period of two years.

B. On the issuance of a license, an identification card described in section 32-2461 shall be issued without charge to the licensee if an individual, or if the licensee is other than an individual, to its qualifying party, and to each of its associates and directors. The identification card is evidence that the licensee is duly licensed pursuant to this chapter. If a person to whom the card of a licensee other than an individual is issued terminates the person's position, office or association with the licensee, the person shall surrender the card to the licensee and within five business days the licensee shall mail or deliver the card to the director for cancellation. If the person fails or refuses to surrender the card to the licensee, the licensee shall notify the director within five business days of the termination of the person's position, office or association with the licensee.

C. On notification by the department to an applicant that the agency license is ready for issuance, the applicant shall complete the application process within ninety calendar days. Failure to complete the process shall result in the application being cancelled and all fees shall be forfeited by the applicant. Subsequent application by the same applicant requires the payment of all application and license fees prescribed pursuant to section 32-2407.

D. A licensee shall notify the director in writing within thirty calendar days of any change in the name or address of the licensee's business and of any change of associates.

E. All new associates shall submit applications on forms prescribed by the director.

F. No license issued under this chapter is transferable or assignable.