(a)
(1) The Office of Motor Vehicle, upon receiving application accompanied by the required fee and when satisfied that the applicant is of good character and, so far as can be ascertained, has complied with, and will comply with, the laws of this state with reference to the registration of vehicles and certificates of title and the provisions of this chapter, shall issue to the applicant a license certificate which shall entitle the licensee to carry on and conduct the business of a dealer or wrecker, as the case may be, during the calendar year in which the license is issued.
(2) Every such license shall expire on December 31 of each year and may be renewed upon application and payment of the fee required by law.
(b) The office may refuse to issue a license or, after a written notice to the licensee and a hearing, may suspend or revoke a license when satisfied that the applicant for a license or the licensee has failed to comply with the provisions of this chapter or that a license has been fraudulently procured or erroneously issued.
(c) Any licensee, before removing any one (1) or more of his or her places of business or opening any additional place of business, shall apply to the office for, and obtain, a supplemental license for which a fee shall be charged.