(a) An application for a license required by § 876.03 shall be made to the Director of Finance. Such application shall, in addition to the information otherwise required, contain statements of the seating capacity, the length of previous use and the design, color scheme, lettering or other distinguishing marks to be used on the vehicle, except that such latter statement may be referred to and need not be repeated in each application when identical as to more than one vehicle.
(b) The Director may require additional information after the hearing provided for in § 876.06 as to state license numbers, registration numbers, make, motor power and other descriptive and identifying data as he or she deems necessary, and may do so after approving such applications. Approval may be conditioned upon receiving the information within such time as the Director shall direct.