(a) On receipt of an application, the Comptroller shall order an investigation of:
(1) the applicant;
(2) the business to be operated; and
(3) the statements presented in the permit application.
(b) On completion of the investigation, the Comptroller shall deny the permit application if in the judgment of the Comptroller:
(1) the applicant:
(i) is not fit to receive the permit;
(ii) made a material false statement in the application; or
(iii) committed fraud in connection with the application; or
(2) there are other reasons that the permit should not be issued.
(c) If the Comptroller does not find cause to deny the permit, the Comptroller shall approve the application and issue the permit.
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