Section 16-202. APPLICATION FOR LICENSE

 

202.1In addition to the requirements of § 2 of the 1913 Act, as amended (D.C. Code § 26-702 (1981 Ed.)), each application for a money lender's license shall include the verified signature under oath and the true and lawful name of the applicant if an individual, or each member of a firm or association applicant, or the president or other executive officer of a corporate application.

 

202.2In the case of a corporate applicant, there shall be furnished with the application a list, sworn to by the secretary of the corporation, stating the name of each person owning stock of the corporation together with the class and number of shares of stock owned by each such person.

 

202.3If ten percent (10%) or more of any class of stock of a corporate applicant is owned by another corporation, the application shall include (for each such other corporation) a list sworn to by the secretary of the other corporation of the following:

 

(a)The names and addresses of all persons owning ten percent (10%) or more of any class of stock of the other corporation;

 

(b)The names and addresses of the officers and directors of the other corporation; and

 

(c)The date and place of incorporation of the other corporation.

 

202.4Bond, as required by the 1913 Act (D.C. Code § 26-702 (1981 Ed.)), shall be filed with the application.

 

202.5With each application for license there shall be filed under the oath of the applicant (if an individual, or of a member of a firm or association applicant, or of the secretary of a corporate applicant) a list of names and addresses of each person engaged in the business of insurance, or in the business of loaning money, or in the business of dealing in new or used motor vehicles or other chattels which, or liens on or interest in which, are acceptable to the applicant as collateral security for a loan of money, in which business(es) the individual applicant (or any member of a firm or association applicant; or any stockholder, officer, or director of the corporate applicant) has an interest.

 

202.6Each applicant shall file with the application a list of any and all insurance agents' or brokers' licenses, notary public commissions, or any other licenses or commissions issued by the District to engage in any business, profession, or calling which are held by the individual applicant (or any member of a firm or association applicant, or any director or officer of a corporate applicant), and any employee of the applicant, together with the name of each person holding such a license or commission.