§ 11-2-506. Class FA license.

   (a)   Term. A Class FA license shall be issued for the year beginning July 1 of each year and ending June 30 of the next succeeding year.

   (b)   Fees. The fee for a Class FA license is $5,000. The licensee shall pay a late fee of $100 per day for a failure to renew the license prior to its expiration.

   (c)   Public hearing. A public hearing conducted by the Director or the Director's designee shall be held on an initial application for an FA license no sooner than 30 days after the application is received by the Department. The applicant shall attend the hearing.

   (d)   Advertisement of public hearing. The hearing shall be advertised for two successive weeks. The advertisement shall contain the date, time, and place of the public hearing, the names and addresses of the persons having a financial interest in the ownership of the business, and a description of the premises where the license is to be located.

   (e)   Issuance or denial. A Class FA license shall be issued if the applicant has paid all taxes as required by § 11-2-103 and is otherwise in compliance with all provisions of this title and Title 1 of this Article.

   (f)   Suspension; revocation. The Department may suspend or revoke a Class FA license for any violation of this title or Title 1 of this article by a Class FA licensee or any agent or employee of a Class FA licensee. The Department shall provide notice and the opportunity for a hearing before suspending or revoking a license.

(1985 Code, Art. 16, §§ 2-626, 2-627) (Bill No. 5-22)