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-34 Issuance of license; grounds for denial. (a) The payday loans WV commissioner shall conduct a study each and every applicant to determine the economic duty, character, and basic physical fitness for the applicant. The commissioner shall issue the applicant a permit to engage in the company of earning dollar that is small in the event that commissioner determines that:
(1) The applicant or, when it comes to an applicant that’s not a person, all the applicant’s control people, executive officers, directors, basic partners, and handling users, hasn’t had a dollar that is small permit revoked in virtually any jurisdiction; so long as a subsequent formal holiday of the revocation shall never be considered a revocation;
(2) The applicant or, when it comes to an applicant that isn’t a person, each one of the applicant’s control people, executive officers, directors, basic lovers, and handling users, will not be convicted of, pled bad or nolo contendere to, or been issued a deferred acceptance of a accountable plea under federal legislation or under chapter 853 to a felony in a domestic, international, or court that is military
(A) through the period that is seven-year the date associated with application for certification; or
(B) At any moment preceding the date of application, in the event that felony included an work of fraudulence, dishonesty, breach of trust, or cash laundering;
so long as any pardon of a conviction shall never be deemed a conviction for the purposes of the part;
(3) The applicant or, in the event of an applicant that’s not a person, each one of the applicant’s control people, executive officers, directors, basic partners, and handling users, has demonstrated responsibility that is financial character, and basic physical physical fitness to command the self- self- confidence regarding the community and also to justify a dedication that the applicant shall operate truthfully, fairly, and efficiently, pursuant for this chapter. (more…)