A. Any individual desiring to operate, maintain, or engage in business as a consumer short-term lender shall make their verified application in writing to the council upon such forms as the council from time to time shall require and shall file the same with the city clerk. The application set forth, in addition to other information as may from time to time be required by the council, the following information:
1. The name, street address, mailing address, facsimile number, and telephone number of the applicant.
2. The business or trade name, street address, mailing address, facsimile number, and telephone number of the Consumer Short-Term Lender.
3. The name, street address, mailing addresses, and telephone numbers of all owners of the Consumer Short-Term Lender, and the nature and extent of each person’s interest in the business.
4. A copy of a current, valid state license held by the Consumer Short-Term Lender pursuant to Minn. Stat. § 47.601.
B. Each application shall also be accompanied by a certified check, money order, cashier’s check, or cash in an amount equal to the annual license fee for one year for the license for which application is being made.
C. The applicant shall be bound by all of the answers and information furnished on the application present to the City of Moorhead and any falsification of information requested on said application, or any other information requested by the City in its course of investigation of the applicants shall be grounds for denial of the license and, in addition thereto, shall be grounds for revocation of the license if the license is approved and issued prior to the discovery of such falsification. (Ord. 2020-10, 10-12-2020)