A. No regulatory license shall be issued to any applicant who has been convicted of any felony or a crime involving fraud, theft or receiving or possession of stolen property in the five (5) years immediately preceding the date of the regulatory license application.
B. The conviction of any dealer for any felony or crime involving fraud, theft or receiving or possessing stolen property or for any violation of this article shall constitute grounds for immediate revocation of the regulatory license. (Ord. 536 §7, 1982)