(a) Effective March 15, 1981, all precious metals dealers shall be required to secure the license established in section 13-13 by making application for the same to the division of police. Such applications shall be on standard forms furnished by the division of police and shall contain all information determined by that division to be necessary for an evaluation of the applicant's eligibility to be licensed hereunder. As a part of the application process, the applicant must present proof that, if approved for licensure, he can secure an approved indemnity bond as specified in section 13-68 in the amount of thirty thousand dollars ($30,000.00), issued by a surety company authorized to transact business within the commonwealth, or can post a cash bond in that amount. No license shall be issued to or held by any person not of good moral character, nor shall a license be issued to any corporation or partnership whose chief officers or members of the firm are persons not of good moral character.
(b) The division of police shall, within thirty (30) days of receipt of a completed application form, make a complete review of the accuracy of the information contained therein, including a criminal records check on any individuals named therein and a determination as to the adequacy of the proposed bond. If the application is to be approved, the division of police shall provide the applicant with such written notification, for presentation to the division of revenue. The division of revenue shall issue the license if the application is approved and if the aforementioned bond is filed with the commissioner of finance or his representative. If the application is to be denied, the division of police shall provide the applicant with such written notification, including a statement of the reasons for denial. An aggrieved applicant shall, within thirty (30) days of such action, have a right to request a hearing before the commissioner of public safety.
(c) Any license issued under this section may be suspended or revoked by the division of police for any violation of sections 13-66 through 13-70 of the Code of Ordinances. However, before any such action is taken, a licensee shall be entitled to notice, a hearing before the commissioner of public safety and any other protection required by law.
(d) Licenses issued under this section shall not be transferable. License holders shall be required to post their license or a copy thereof in a conspicuous place in the place of business.
(Ord. No. 36-81, § 2, 2-19-81; Ord. No. 33-82, § 1, 3-30-82)